SBI, HDFC Bank & ICICI Bank Take Lead in Cutting Base Lending Rates

State Bank of India was the first off the block to impress the regulator on Tuesday by reducing its base rate, forcing private sector peers HDFC Bank and ICICI Bank to follow suit as they took heed of RBI governor Raghuram Rajan’s stern message to ensure transmission of monetary policies. State Bank of India lowered … More SBI, HDFC Bank & ICICI Bank Take Lead in Cutting Base Lending Rates