You are here: Home » Companies » News
Business Standard

DHFL, Srei BNP Paribas raise lending rates by 50 bps

Press Trust of India  |  New Delhi 

Two financial institutions Dewan Housing Finance Corporation (DHFL) and Srei BNP Paribas raised their lending rates by 50 basis points (bps) eash in line with the market trend.

DHFL's new rate will be effective for its customers from May 20. The company's loan portfolio stood at Rs 14,111.27 crore as on March 31, 2011 as against Rs 8,758.40 crore in the corresponding previous year.

Meanwhile, infrastructure and construction equipment financing company Srei BNP Paribas hiked in its benchmark rate by 50 bps, from 15.5% to 16% with immediate effect.

After reviewing the trend of rising interest rates, it has been decided to increase its benchmark rate in line with the upward moving interest rates in the domestic market, Srei BNP Paribas said in a statement.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 23 2011. 21:38 IST
RECOMMENDED FOR YOU
.