HDFC Chairman, Deepak Parekh announced that they are planning to have insurance plans with IPO (initial public offering) in two years.read more
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hdfc
Country’s leading mortgage lender HDFC seems to be not affected by increasing interest rates. During existing FY 2011, HDFC recorded its loan growth at 20% year-on-year basis.
The company has not seen any restriction on loan growth and expenses, said by HDFC’s vice-chairman and CEO Keki Mistry. They also said that difference lies in the rates at which money is borrowed and lent.
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There is a rise in the loaning and put down charge with most banks set to increase. The monthly budget is to be modified as it is the proper time.
There will be growth in the loaning charges from 50 point to 75 point as declared by the HDFC housing finance firm after a day and set the ball rolling. There is hike in loaning and deposit rates of ICICI Bank who is the country’s second largest loaner.
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Posted on October 28th, 2010 in Deposit NBFC License, deposit rates, hdfc, High Interest Rates, housing finance companies, Hudco, Icici Banking, India Shares, LIC Housing Finance, Mahindra and Mahindra Finance, Microfinance India, MMFL, personal finance, Retail Bond Issue, Shriram Transport, Unitech Housing
With most Indian banks increasing their based deposit rates, most non banking finance companies (NBFCs), including housing finance companies are slowly increasing their interest rates on deposits in a bid to woo savers. All major housing finance companies like HDFC, LIC Housing Finance, DHFL and Hudco are now offering over 7% for a one year [...]
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