Thursday, January 22, 2009

HDFC Bank has decided to lower interest rates

HDFC Bank has decided to lower interest rates on retail loans by 200 basis points while interest rates on lending to corporates will be reduced by 100 to 150 basis points. The rates for retail loans will be effective from 19-01-2009, while rate change for corporates would be done in a phased manner. (BS 190109)

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