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Fact of the day.
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lending rate
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Finance
HDFC Bank raises BPLR by 50 bps to 16.25%
HDFC Bank, India s second largest private sector bank, on Monday raised its benchmark prime lending rate by 50 basis points to 16.25 per cent.
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Business-India
FM confident of banks not hiking rates; lenders differ
Finance minister Pranab Mukherjee on Saturday exuded confidence that banks will not raise their interest rates in response to RBI s tight monetary policy even as lenders indicated that they will be upping their lending and deposit rates.
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