India's largest lender slashes rates

India's largest lender has slashed its rates by 25 basis points.

HDFC has cut its lending rate to 9.65 per cent for both new and existing customers, following the 50bsp reduction in repo rate by the Reserve Bank of India. Indeed, many banks, including the State Bank of India, have since cut their lending rates be between 25bps and 40bps.

Women borrowers are eligible for a further 5bps cut from HDFC, taking female product rates down to 9.60 per cent.

IB Times