MUMBAI, May 08 (Reuters): India's top housing finance firm HDFC Ltd said it would raise its retail prime lending rate on home loans by 30 basis points with effect from May 09, according to an exchange filing on Saturday.
Several lenders have increased lending and deposit rates after India's central bank in a surprise move on Wednesday raised its main lending rate off record lows to contain rising inflation.
Last month, HDFC and HDFC Bank, the country's largest private-sector lender, floated merger plans to create a financial services behemoth to tap rising demand for credit.
Earlier, HDFC had raised its RPLR by 5 basis points for existing borrowers with effect from May 01, 2022.
HDFC raises home loan interest rate
FE Team | Published: May 08, 2022 22:30:52
HDFC raises home loan interest rate
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