HDFC Bank has reduced its savings account interest rates by 25 bps, impacting all customers. This revision marks the first rate cut since April 2022, prompting a comparison with SBI, ICICI, and PNB.

HDFC Bank’s shares rose nearly 4% after announcing a cut in savings account interest rates to 2.75% for deposits below ₹50 ...

HDFC Bank has announced a 25 basis points reduction in interest rates on its savings bank deposit accounts, marking the first ...

The upcoming revision in rates for the UOB One account marks the bank’s second cut in two years. On May 1, 2024, it reduced ...

With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per ...

The country’s largest lender State Bank (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank’s policy rate cut, making loans cheaper for both existing and new borrowers.

Banking stocks surged after several state-run and private lenders cut fixed deposit and savings rates in response to the RBI’s recent repo rate reduction.

The government examines and fixes interest rates on such schemes quarterly, depending on the economic scenario and market situation.

Following the Reserve Bank's policy rate drop, the state lender likewise lowered its lending rate by 25 basis points, which lowers the cost of loans for both new and current customers.