HDFC Ltd has raised its lending rates by up to 0.20 percentage points, in line with similar moves by commercial banks. Photo: Pradeep Gaur/MintMumbai: Housing Development and Finance Corp. Ltd (HDFC) has raised its lending rates by up to 0.20 percentage points, in line with similar moves by commercial banks. The increase in the retail prime lending rate (RPLR), on which it benchmarks the adjustable rate home loans (ARHL), is effective from 1 April, an official statement said. A company spokesperson said the rate hike is progressive, between 0.05 percentage points to 0.20 percentage points, with the lowest hike applicable to the low-ticket size loan. Despite no rate hikes by the Reserve Bank of India (RBI), the liquidity squeeze has resulted in several banks hiking interest rate offerings since late 2017.

Source: Mint April 09, 2018 15:45 UTC