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HDFC to revise its Retail Prime Lending Rate (RPLR on housing loans by 0.25% P.a.
HDFC to revise its RPLR on home loans with effect from 1st March 2011. This is in line with the rates of interest in the economy, which have hardened due to rising inflation and shrinking liquidity in the domestic market.
With this, the total increase in HDFC’s RPLR this financial year ie from April 2010 to date is 175 bps as compared to 175 bps to 200 bps. rise in the banking and financial system.
Dated : 28th February , 2011. |
