RBI repo cut effect: HDFC slashes lending rates by 10 bps; new...

Dununu.com Dununu

Sponsored

RBI repo cut effect: HDFC slashes lending rates by 10 bps; new rates already in effect

RSS Feed Business

Posted

124

HDFC Bank has lowered its benchmark lending rates by 10 basis points across all loan tenures, effective June 7, following the Reserve Bank of India's unexpected 50 basis point repo rate cut. The RBI also reduced the CRR by 100 basis points to 3%, injecting Rs 2.5 lakh crore into the banking system to revive the slowing economy.

Read Full Article

Please log in to like, share and comment!

Tristan Stubbs could be South Africa's 'X-factor', feels Mathew Hayden

Matthew Hayden believes Tristan Stubbs could be South Africa's 'X-factor' in the World Test...

By 0 1

Khushi-Vedang hold hands in a viral video, fans react

Khushi Kapoor and Vedang Raina, co-stars from 'The Archies,' continue to fuel dating rumors with...

By 0 2

Work-life balance and big salary: How today’s job seekers are prioritising both

By 0 6

How Harish Thawani and the 90s boom revolutionised Indian cricket broadcasting

Harish Thawani, founder of The Indus Club, shared insights into the evolution of India's sports...

By 0 15

NC rejects opposition proposal to form probe committee on visa scam

KATHMANDU: The ruling Nepali Congress has refused to form a parliamentary investigation committee...

By 0 15