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HDFC raises lending rates 75 bps to 14.25 pc

HDFC ups lending rates 75 bps to 14.25 pc

Apnaloan.com Research Bureau

10 Aug 2007

Mumbai: Country's biggest mortgage firm Housing Development Finance Corp said on Monday it has raised its key lending rates by 75 basis points to 14.25 per cent.


The rate rise follows a central bank increase in its short-term lending rate by 25 basis points on Friday to contain inflation. ICICI Bank raised rates on Saturday and other banks are expected to follow suit.


 (Courtesy: Economic Times)