Tue Apr 15 04:50:00 UTC 2025: ## HDFC Bank Stock Soars After Interest Rate Cut
**MUMBAI, INDIA** – Shares of HDFC Bank, India’s largest private lender, surged over 3% on April 15th following the bank’s decision to lower its savings account interest rate. The reduction, from 3% to 2.75% for deposits under ₹50 lakh, comes in the wake of the Reserve Bank of India (RBI) cutting its policy repo rate by 25 basis points to 6% on April 9th. Deposits exceeding ₹50 lakh will earn 3.25% per annum.
This is the first savings rate cut by HDFC Bank in over 14 years, a move that international brokerage Goldman Sachs interprets as a sign of confidence in deposit growth and alignment with the RBI’s easing monetary policy. The bank believes the cut will ease margin pressures amid a potential rate-cut cycle. The decision reflects customer preference for fixed deposits over savings accounts for larger sums.
The news follows the RBI’s announcement of a liquidity surplus in the banking system, largely due to recent government measures injecting significant funds. The improved liquidity contributed to HDFC Bank’s decision.
HDFC Bank shares were trading at ₹1,870.3 apiece on the NSE at 9:25 am, making it one of the top gainers on the Nifty 50 index. This positive market reaction underlines investor confidence in the bank’s strategic adjustments to the changing economic landscape. Other news items unrelated to the HDFC Bank interest rate cut have also been published on Moneycontrol.com.
First Piper 