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Lending, deposit rate hike in-line with market: HDFC Bank

Following footsteps of the State Bank of India, which raised its rates by 75 bps on May 11, HDFC bank, India’s private sector banking major, has hiked its lending rates by 55 basis points to 9.25%; the rate hike will be effective from May 12.

first published: May 12, 2011 09:39 am

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