HDFC Bank, private sector lender is likely to slash interest rates as it is saving 0.06% as a result of the recent cut in the cash reserve ratio (CRR) and 0.5% from cut in deposit rates announced recently by the bank. The bank will take this decision only after asset liability committee’s meeting later this month.
Recently, bank has launched its 10,000th Automated Teller Machine (ATM) in the country which is located near Ajmer Sharif Dargah, a sacred shrine revered by people of all faith. HDFC Bank is now the third Indian bank and the second private sector bank to have a network of 10,000 ATMs across India.
