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Hdfc Bank Lowers Credit Card Interest Rates

Our Banking Bureau BUSINESS STANDARD

HDFC Bank has cut interest rates on credit cards by about 5 percentage points per annum. The bank has cut the rates by 30 basis points on a monthly basis for credit card customers, from 2.95 per cent to 2.65 per cent. This translates into a 4.88 percentage point reduction

 

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First Published: Jan 18 2003 | 12:00 AM IST

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