0 minute readHousing Development Finance Corp. on Wednesday reported a 23% rise in its fiscal first-quarter net profit by controlling its borrowing cost, but the results still reflected the company’s struggles to retain its share in India’s mortgage market. … India’s largest mortgage lender by assets faced stiff competition from State Bank of India, which continued with its special scheme of offering home loans with an 8% interest rate, forcing HDFC to make similar offers.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
