HDFC Bank has reduced its savings rate by 25 basis points to 2.75% for deposits under ₹50 lakh. The move is expected to ease margin pressures amid a potential rate-cut cycle, according to Goldman Sachs.
HDFC Bank has reduced its savings rate by 25 basis points to 2.75% for deposits under ₹50 lakh. The move is expected to ease margin pressures amid a potential rate-cut cycle, according to Goldman Sachs.