HDFC Bank hikes interest rates

July 31st, 2008 - 11:18 pm ICT by IANS  


Mumbai, July 31 (IANS) HDFC Bank Thursday evening raised its retail prime lending rate by 75 basis points (bps), after the Reserve Bank of India (RBI) tightened monetary policy to curb inflation. This rate hike would be effective from Friday.

Earlier this week, the central bank raised its repo rate by 50 bps and cash reserve ratio by 25 bps.

Related Stories

Tags: , , , , , , , , , , ,

Posted in Business |

Subscribe