HDFC to increase lending rates by 0.20 percentage points
Housing Development and Finance Corp (HDFC) today announced increasing its lending rates by 0.20 percentage points, a day after the RBI hiked the policy rate.
"HDFC has increased its Retail Prime Lending Rate (RPLR), on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 20 basis points, with effect from August 1, 2018," the country's largest mortgage lender said in a regulatory filing.
HDFC's shares closed at Rs 1,932.65 apiece on the BSE, down 1.9 percent.
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