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SBI & HDFC reduce interest rates by 0.15%!
Posted on: 08/Apr/2015 3:31:01 PM
Following Reserve Bank of India Governor Mr. Raghuram Rajan’s indignation, the country’s largest nationalised bank, State Bank of India (SBI), has reduced the interest rates for loans by 0.15% to 9,85%.
As per the CEO of SBI, Ms. Arundhathi Bhattacharya, this reduced interest will be effective from 10th April.
HDFC Bank has also reduced interest rates by 0.15% at 9.85%.
HDFC CEO, Mr. Aditya Puri, informed that this will be effective from 13th April.
ICICI Bank has also reduced interest rates by 0.25%. to 9,75%. This will be effective from 10th April.
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