LATEST NEWS

Sundaram BNP Paribas housing loans to cost more

Chennai, Aug 30 (IANS) City-based housing loan company Sundaram BNP Paribas Home Finance Ltd Friday announced a hike of 25 basis points in its prime lending rate (PLR) from next month onwards, owing to tight liquidity conditions and increased borrowing costs.

In a statement issued here the company said the rate of interest on all variable rate loans of all existing customers will go up by 0.25 percent.

"The increase in PLR rate has been driven by the tight liquidity conditions in the market and an increase in borrowing costs of the company," managing director Srinivas Acharyasaid in the statement.

A 50.1-49.9 percent joint venture between Sundaram Finance Limited and BNP Paribas, the housing loan company's loan book size stands over Rs.6,000 crore.

DON'T MISS

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    20.65+0.45+2.23%
    UNITECH.BO
    26.85-0.65-2.36%
    SUZLON.BO
    39.75+0.80+2.05%
    HCC.BO
    17.55-0.15-0.85%
    GMRINFRA.BO
    94.85+2.20+2.37%
    NCC.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    120.70+108.63+900.00%
    ARISINT.BO
    140.00+126.00+900.00%
    ZPPOLYSA.BO
    13.15+2.19+19.98%
    SABOOSOD.BO
    58.55+9.75+19.98%
    AXISCAP.BO
    39.95+6.65+19.97%
    INDUSFIN.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    1,430.00-442.40-23.63%
    PERSISTENT6.BO
    680.00-201.90-22.89%
    YESBANK6.BO
    336.30-85.95-20.36%
    UPL6.BO
    112.00-26.00-18.84%
    VFL.BO
    12.00-2.21-15.55%
    WEIZMANIND.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket