First SBI, now HDFC cuts lending rates after Rajan talks tough
April 07, 2015  19:22
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Just in: After the State Bank of India, HDFC has cut loan rates by 0.15 per cent to 9.85 per cent. This will be effective from April 13.

Reserve Bank of India chief Raghuram Rajan today pushed banks to lower their lending rates. 

Earlier in the day, the RBI in its first bi-monthly monetary policy for 2015-16 kept its key rates unchanged. But Dr Rajan nudged banks to lower their rates as the central bank has already cut its repo rate twice earlier this year
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