India's HDFC Bank sets base rate at 7.25 pct | india | Hindustan Times
Today in New Delhi, India
Dec 06, 2016-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

India's HDFC Bank sets base rate at 7.25 pct

india Updated: Jun 30, 2010 19:18 IST

Reuters
Highlight Story

Indian private-sector lender HDFC Bank has fixed the base rate for loans at 7.25 per cent as part of a new rule that requires banks to set their minimum lending rates, Executive Director Paresh Sukthankar said on Wednesday.

On Tuesday, State Bank of India, the nation's largest lender, set its base rate for loans at 7.5 per cent as part of the new rule that may raise rates for some borrowers.