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Bank rate cuts News

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.

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".

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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