HDFC Bank cuts lending rates by 0.1 per cent

HDFC Bank has decided to cut its benchmark lending rates by 0.1 per cent, making loans cheaper for its borrowers in the new year. The base rate, or the minimum lending rate, of HDFC Bank will become 9.7 per cent from the existing 9.8 per cent, sources said. At the same time, the benchmark prime lending rate (BPLR) of the country's second largest private bank is expected to be slashed by similar margin to 18.20 per cent. Th...