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News
bank rate cuts
Bank rate cuts News
Raghuram Rajan
01 Dec 2015
Bankers hint at lowering rates after Raghuram Rajan's push
"As the impact of monetary policy measures taken so far plays out in terms of bank funding costs, lending rates are expected to continue to moderate," Chanda Kochhar, MD and chief executive of ICICI Bank, said in a statement.
India Inc
14 Oct 2015
Banks still have elbowroom to lower rates, says India Inc
As WPI inflation rate edged up to (-)4.54 percent in September, India Inc Wednesday said there is scope for banks to slash interest rates further and the green shoots of economic recovery are "visible".
HDFC Bank
10 Jun 2015
Banks may further reduce interest rates by end of week: HDFC
Hinting at another round of interest rate cuts, private sector lender HDFC Bank's Managing Director Aditya Puri Wednesday said most banks will cut their lending rates by the end of the week.
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