Top mortgage lender Housing Development Finance Corp said Chief Executive Deepak Parekh will step down at the end of the year and be replaced by vice chairman and managing director, Keki Mistry. Parekh will continue as non-executive chairman of HDFC, the company said in a statement. He worked with HDFC for 31 years, including 16 as chairman.
The new interest rate for loans up to Rs 20 lakh has been fixed at 8.75 per cent.
http://www.ibnlive.com/news/icici-bank-cuts-home-loan-rates-for-new-customers/100035-7.html
HDFC reported a net profit of Rs Rs 733.37 crore for the fourth quarter.
http://www.ibnlive.com/news/hdfcs-q4-profit-declines-by-452-per-cent/91768-7.html
Home loan space has become increasingly competitive lately.
http://www.ibnlive.com/news/to-switch-home-loan-or-not-how-to-take-the-decision/89021-7.html
HDFC is the country's biggest mortgage lender.
http://www.ibnlive.com/news/hdfc-cuts-home-loan-rates-for-existing-customers/88539-7.html
HDFC called SBI and LIC's interets cuts on home loans as gimmicks.
http://www.ibnlive.com/news/hdfc-hikes-switching-fee-for-new-customers-only/86348-7.html
HDFC concerned by its borrowers switching to State Bank of India.
http://www.ibnlive.com/news/hdfc-hikes-prepayment-charge-for-switching-bank/86185-7.html
The home loan market was stunned by SBI's announcement of 8 pc interest rate.
http://www.ibnlive.com/news/home-loan-mkt-heats-up-will-it-benefit-borrowers/85887-7.html
SBI offering an interest rate of as low as 8 per cent for all home loans.
http://www.ibnlive.com/news/hdfc-head-calls-sbis-loans-at-8-pc-a-gimmick/85619-7.html
SBI has fixed an interest rate on all loans including the transferred loans.
http://www.ibnlive.com/news/sbis-new-home-loan-plan-a-gimmick-hdfc-chairman/85618-7.html
Decision of home loan rate cut is to be formally announced on Monday.
http://www.ibnlive.com/news/hdfc-set-to-cut-rates-for-new-home-loans/82922-7.html
Savings account deposits grew by 32.5 per cent as of December 31, 2008.
http://www.ibnlive.com/news/hdfc-banks-q3-profit-up-by-448--per-cent/82742-7.html
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