Indiabulls Housing Finance hikes home loan interest by 25 bps

Indiabulls Housing Finance Ltd. (IBHFL) has revised its reference rates for Retail Loans by 25 basis points and Wholesale Loans by 50 basis points in line with other lending institutions and banks who have also increased their benchmark rates post the RBI Monetary Policy, August 2022. 

The new rates will be applicable for new customers from August 10 onwards, and for existing borrowers, effective from next payment cycle, the company said in a regulatory filing on Wednesday.

At around 9:19 AM, Indiabulls Housing Finance was currently trading at Rs122.50 per share down by Rs0.5 or 0.41% from its previous closing of Rs123 per share on the BSE.

The scrip opened at Rs122.10 and has touched a high and low of Rs123.85 and Rs121.85 respectively so far today. The current market cap of the company is Rs5,800.64 crore.