Zeebiz.com
New Delhi, June 29: HDFC Bank has decided to cut its benchmark lending rate by 0.2 percent, making loans cheaper for borrowers.
The base rate, or the minimum lending rate, of HDFC Bank will become 9.8 percent from the existing 10 percent, sources said.
At the same time, the benchmark prime lending rate (BPLR) of the country's second largest private bank is expected to be slashed by similar percentage points to 18.30 percent.