DHFL raises retail prime lending rate to 17.75%

PTI Mumbai | Updated on July 01, 2011

Mortgage lender Dewan Housing Finance Corporation (DHFL) on Friday increased its retail prime lending rate (RPLR) by 25 basis points to 17.75 per cent.

A company spokesperson said the revised RPLR, below which it does not lend, stands at 17.75 per cent. The company had a loan portfolio of Rs 14,111.27 crore as of March 31, 2011.

Dewan Housing’s move to increase the lending rate comes in the wake of a hike in the reverse repo and repo rates by the RBI recently, a release issued by the lender said.

The move follows similar rate hike announcements by Corporation Bank, ING Vysya Bank and IndusInd Bank after the Reserve Bank tightened key rates by 25 basis points in its June 16 mid-quarter policy announcement.

Published on July 01, 2011

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