NEWS & ADVICE : CREDIT CARDS
HDFC Bank likely to cut rates by 50-75 bps
By Ankit Sharma
Feb 19, 2013
Print    Email    RSS   

Interest rates likely to come down by 50 to 75 basis points this fiscal, said Mr. Aditya Puri, Managing Director of HDFC Bank.

On asking about RBI's policy stance after the Union Budget, Mr. Puri said, "Interest rate is not the panacea or the cause (for economic growth). Yes, It (lower interest rates) can help if inflation comes under control, which to an extent has and we saw some transmission with the 25 basis points cut (in RBI's key policy rates)."

Mr. Aditya Puri on the sidelines of HDFC Bank's credit card launch said that if the fiscal and the current account deficit come down during the course of the current financial year then there are possibilities that the bank would further lower its interest rates by 50 to 75 basis points.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to select a co-branded credit card?
Is the economy facing a debt trap?
ICICIs latest phishing warning email
An Insight into Credit Card Balance Transfer
Safety tips to use plastic money online


card no. 433948139627876 statement
show my account. myaccount no-33916794782.
please give mycredit card statement for...
Please give my the status civil report against my...
50101387219 this account balance
04301050004772 this account balance

NEWS THIS WEEK
Axis bank introduced e-surveillance at the ATMs Sep 16, 2014
Customer can make online shopping without giving credit/ debit card details Sep 15, 2014
RBI not in favor of banks to increase the interchange fee Sep 12, 2014
ICICI customers can now withdraw cash without debit card Sep 11, 2014
Bank worried due to rising ATM attacks Sep 10, 2014
News Archive