Diabytes
Bank rate cuts News
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"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.
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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".
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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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