HDFC Bank cuts lending rates by 0.1%

HDFC Bank cuts lending rates by 0.1 percent effecting from March 30, 2013.

HDFC Bank has decided to cut its benchmark lending rates by 0.1 per cent 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.

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

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