Top headlines: HDFC approves Rs 2-trn loans; I-T raids Hero Moto premises

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HDFC approves retail home loans to the tune of Rs 2 trillion in FY22

India’s largest mortgage financier, HDFC Ltd, has approved retail home loans to the tune of Rs 2 trillion in FY22 so far, signifying the huge demand for home loans in an otherwise subdued credit market. This is the highest ever home loan approval by the mortgage financier in a financial year.

Interest rates for housing loans are, perhaps, at the lowest levels they have ever been and are one of the key reasons why there is a huge demand for housing loans in the market with all lenders,