HDFC revises its Retail Prime Lending Rates on housing loans; stock adds ~1%

1 Jun 2022 , 01:08 PM

Housing Development Finance Corporation informed the investors and exchanges about the revision in its Retail Prime Lending Rate (RPLR) on housing loans.

HDFC stated that the company will increase its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable-Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022.

HDFC is currently trading at Rs2,326 per piece, up by Rs18.8 or 0.81% from its previous closing of Rs2,307.20 on the BSE. The scrip touched intraday high and low of Rs2,335.50 and Rs2,291.90 respectively.