HDFC Bank News
The copy has been forwared to the Principal Secretary finance with the request to issue directions to all the departments to close the accounts with HDFC Bank as it has apparently been noted that the bank "never co-operates" as and when the department "needs their support. The memo has been forwarded to all Administrative Secretaries.
HDFC Bank hiked its retail prime lending rate (RPLR) on housing loans by 5 basis points or 0.05%. PNB has increased the marginal cost of funds-based lending rate by 15 basis points or 0.015%. State Bank of India (SBI) and Bank of Baroda (BoB) increased the MCLR on home loans across tenures last month.