ICICI Ltd - (Nyse: IC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : ICICI Ltd - (Nyse: IC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote (334)	3/7/2000 12:49:00 PM
From: Mohan Marette	Read Replies (1) of 494

India Housing Devt Cuts Home Loan Rate 12.75% Vs 13.5% Tuesday, March 7 8:46 PM SGT BOMBAY (Dow Jones)--Housing Development Finance Corp. (P.HDF) said Tuesday that it is reducing its retail prime lending rate on housing loans to 12.75%, from 13.50%. The cut is to make housing finance more affordable "and to rationalize interest rates on housing loans and... further simplify terms for its lending products," Housing Development Finance Corp, India's largest specialized housing finance institution said in a statement. The company said that it has also introduced a uniform rate for all loans under the adjustable rate home loan and a uniform rate for all loans under the fixed rate home loan. Consequently, the revised rates of interest on housing loans up to INR10 million effective Wed are as follows: -adjustable rate home loans : at 12.75% -fixed rate home loans : at 13.25% On the Bombay Stock Exchange, shares of Housing Development Finance closed down INR33, or 7.5%, at INR407.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next