Public Sector Banks in the country have been reducing rates on home, auto and personal loans to boost retail growth in a declining corporate credit scenario.
HDFC Bank sees a 50 basis points fall in the short term after RBI cuts the marginal standing facility (MSF) by 50 bps on Monday
Axis Bank feels that the central bank's decision to slash the marginal standing facility (MSF) by 50 basis points (bps) was as indicated by it. It also sees short term rates lowering going forward.