Multiple choice Which Bank has slashed auto loans by 150 bps? SBI ICICI HDFC Axis bank Reveal answer Fill a bubble to check yourself C Correct answer Explanation HDFC Bank slashed its auto loan interest rates by 150 basis points (1.5%) in 2012. This was a significant reduction to stimulate car loan demand during a slowdown period. SBI, ICICI, and Axis Bank did not announce such steep cuts at that time.