| HDFC Q1 net up 25% on robust disbursals |
| BS Reporter / Mumbai July 25, 2007 |
| Housing Development Finance Corporation (HDFC) has registered 25% growth in net profit in the first quarter ended June 30 (Q1FY08) to Rs 372.81 crore from Rs 296.82 crore in Q1FY07 on robust growth in disbursals despite interest rate increases. In March this year, HDFC had raised rates on home loans for existing and new borrowers. Floating rates had gone up by 75 basis points, while interest rate for customers seeking fixed loans was hiked by 100 basis points to 12%. HDFC |
