Who decide the rplr for hdfc?
The Repo Linked Lending Rate (RLLR) for HDFC is determined by the bank's internal committee, which considers various factors such as the Reserve Bank of India's repo rate, market conditions, and the bank's cost of funds. Additionally, changes in the RLLR may also be influenced by the overall economic environment and competitive dynamics within the banking sector. Ultimately, the decision reflects HDFC's strategy to align its lending rates with the prevailing monetary policy.