Bplr

New base rate regime is a firm message from Rajan to banks: No more tricks on common man

Rajan has had a tough time convincing banks to cut their lending rates taking the central bank’s rate signals

HDFC Bank cuts lending rates by 0.1% effective 30 March

HDFC Bank has become the first bank to cut lending rate after the RBI cut the short-term lending rate by 0.25 percent on 19 March.