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Home Oct to get costlier: HDFC raises retail prime lending rate by 10 bps

Home loan to get costlier: HDFC raises retail prime lending rate by 10 bps

ALSOREAD:GuerrillakilledinKashmirgunfight AheadoftheReserveBank'smonetarypolicyannouncement,mortgagelenderHDFCMondayincreaseditsretailprimelendingrate(RPLR)by10basispointswithimmediateeffect. Thenewratesvaryfrom8.80to9.05percentonvariousslabsofloans.   OnSaturday,state-runPunjabNationalBankhadincreaseditsbenchmarklendingratesorMCLRforshort-termloansbyupto0.2percent,effectiveMonday. Withtherevision,PNB'sovernightmarginalcostoffundsbasedlendingrate(MCLR)nowstandsat8.2 ...