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HDFC Bank hikes lending rate by 50 bps

07 Sep 2010 Evaluate

HDFC Bank has raised its benchmark prime lending rate (BPLR) by 50 basis points to 16.25 per cent. All BPLR-linked loans, including vehicle and personal loans, availed by HDFC bank's customers before July 1, 2010 will become dearer to that extent.

Depending on credit demand, base rate could also come up for review in October and the deposit rates in the banking system could move up further by 50-75 basis points by the end of the financial year. crackcrack
Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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