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Tuesday, March 21, 2006

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News Update as at 18.00 hrs (IST)

Banking & Finance
IDFC to hike lending rate

NEW DELHI: Industrial Development Finance Corporation said on Tuesday that it would hike lending rates by 0.50 per cent to 1 per cent by April 1.

"Some of the banks have already hiked the interest rates and we will hike (rates) between 0.5 per cent and 1 per cent," IDFC Chairman Deepak Parekh said here. - PTI

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