HDFC Bank cuts lending rates by 25 bps

HDFC Bank cuts lending rates by 25 bps
The Hindu Business Line, July 21, 2009, Page 1

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Mumbai, July 20 HDFC Bank today cut its benchmark prime lending rate (BPLR) by 25 basis points to 15.75 per cent. About 15 per cent of the bank’s loans are linked to the BPLR, a bank spokesperson said.

The cut in the BPLR will impact corporate and SME loans and not the rates on auto loans, the spokesperson said.