News
HDFC Bank slashes base rate by 0.35 per cent


HDFC Bank on Monday cut the base rate by 0.35 percent to 9.35 percent from the existing 9.70 percent, thereby making loans from the bank cheaper, according to the media reports.
The new rate will come into effective from Tuesday.
The bank had cut its base rate or minimum lending rate by 0.15 percent which also lowered the EMIs of its borrowers, earlier in June.
During the RBI monetary policy review in August, Governor Raghuram Rajan maintained status quo and called on banks to cut rates.
This move by India’s second largest bank is the first to cut rate following the call of the RBI Governor.
-
News4 weeks ago
Investors Clinic’s Property Show in Singapore
-
News4 weeks ago
Bangalore’s office space demand will continue to draw occupier’s interest in big volume
-
News4 weeks ago
Tulip Infratech resurrects stuck project, launches Tulip Monsella in Gurugram
-
News4 weeks ago
Bull run on land continues, 28 deals for over 1,237 acres land closed in 2022 to date
-
News2 weeks ago
Fight against inflation – repo rate up 50bps
-
News4 weeks ago
Asset Deals bags exclusive selling right for M3M Broadway in Sector-71, Gurgaon
-
News4 weeks ago
Pacific World School holds exhibition to spread awareness about UN Sustainable Development Goals
-
News4 weeks ago
CII–Colliers Report on Real Estate 3.0: Technology led growth released