HDFC said that the corporation has reduced 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 March 4, 2021.
The change will benefit all existing HDFC retail home loan customers.
The announcement was made after market hours yesterday, 3 March 2021. Shares of HDFC rose 3.43% to settle at Rs 2,652.80 yesterday.
The stock hit a 52-week high of Rs 2,895.35 on 16 February 2021. The stock hit a 52-week low of Rs 1473.10 on 24 March 2020.
HDFC is engaged in financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes, in India.
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