HDFC Bank hikes base rate to 10% effective November 2 | business | Hindustan Times
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HDFC Bank hikes base rate to 10% effective November 2

HDFC Bank on Tuesday increased its base rate by 20 basis points to 10%, effective Nov 2. This is the first time any bank has raised its lending rate in response to RBI’s recent 25 bps repo rate hike.

business Updated: Nov 05, 2013 21:47 IST

Private sector HDFC Bank Ltd on Tuesday increased its minimum lending rate, or base rate, by 20 basis points (bps) to 10%, effective November 2, a notification on the bank’s website said.


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