RBI rate cut impact: Bank of Baroda, HDFC Bank reduce lending rate by up to 50 bps, 10 bps

Earlier on Friday, the RBI cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy.

from mint - money https://ift.tt/IakEtdF