Change in base rate to depend on deposit rates: HDFC Netbanking.
HDFC Netbanking has cut its minimum lending rate by 20 basis points, effective today. Speaking to CNBC-TV18, Paresh Sukthankar, Executive Director, HDFC Netbanking said that any change in base rate will depend on deposit rates, which in turn depends on liquidity. He further added that banks will cut deposit rates only if the liquidity situation improves.
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