HDFC Ltd hikes lending rate by 25 bps from this date
Housing Development Finance Corporation Ltd (HDFC Ltd) hiked its benchmark lending rate by 25 basis points (bps) with effect from August 1, company said in an exchange filing on Saturday.
The hike in rate by the mortgage lender came before the Reserve Bank of India`s (RBI) Monetary Policy Committee (MPC) meeting, which is to be held between August 3 and August 5.