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    HomeNewsBusinessCompaniesHDFC Bank cuts lending rates by 0.1% effective Mar 30

    HDFC Bank cuts lending rates by 0.1% effective Mar 30

    HDFC Bank has decided to cut its benchmark lending rates by 0.1 percent with effect from March 30.

    March 30, 2013 / 11:00 IST

    HDFC Bank has decided to cut its benchmark lending rates by 0.1 percent with effect from March 30.

    The base rate, or the minimum lending rate, of the country's second largest private sector bank will become 9.6 per cent from the existing 9.7 per cent, sources said. At the same time, the benchmark prime lending rate (BPLR) of the bank is expected to be slashed by similar margin to 18.10 percent. The new rates would be effective from March 30, sources added.

    Also read: Overweight on India; see good return in 1 year: JP Morgan

    HDFC Bank has become the first bank to cut lending rate after the RBI cut the short-term lending rate by 0.25 percent on March 19.

    first published: Mar 28, 2013 08:42 pm

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