HDFC Bank Ltd.

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Large Cap | Bank - Private
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HDFC Bank hikes lending rate by 50 bps

Date: 07-09-2010

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