Small and mid-size private banks are not in a hurry to pare their lending rates, even as HDFC Bank, the second largest private sector lender, said it was reducing its minimum lending rate, the Base Rate (BR). While most bankers agree lending rate cuts are imminent, they prefer to wait for a signal from the Reserve Bank of India (RBI) on the direction. Small private banks will also watch the action of bigger rivals such as State Bank of India (SBI) and ICICI Bank before any revising...........
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