HDFC Bank hikes deposit rates; BoB raises lending rate

Signalling tightening of rates, HDFC Bank Tuesday raised interest rates on deposits by up to 0.5 per cent for various tenors, while Bank of Baroda hiked lending rates by 0.1 per cent.

HDFC Bank hikes deposit rates; BoB raises lending
HDFC Bank said the new rate interest rate on deposits below Rs 1 crore for various tenors will come into effect from Tuesday. Image courtesy: Reuters

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