Multiple choice

Which Bank has slashed auto loans by 150 bps?

  1. SBI

  2. ICICI

  3. HDFC

  4. 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.