New Delhi, May 7 (SocialNews.XYZ) HDFC on Saturday announced that it would raise its Retail Prime Lending Rate (RPLR) by 30 basis points.
It would lead to an identical hike in home loan rates for exiting customers.
The hike will come into effect from May 9.
It had recently increased its benchmark lending rate by 5 basis points
This move comes at a time when the RBI hiked the policy rate and CRR to check prevailing high inflation and likelihood of further hike.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz