The country’s largest private sector housing finance company, HDFC, has reduced its deposit rates by up to 25 bps across various maturities with immediate effect. Even the HDFC Bank, promoted by the company, has decided to slash its deposit rates by up to 25 basis point with effect from Friday.
“The reduction in deposit rates will be by up to 25 bps in various maturities with immediate effect,” an HDFC spokesperson told PTI here. HDFC Bank has also reduced its deposit rates by up to 25 bps with effect from Friday
Published 18 June 2009, 17:36 IST