Housing Development Finance Corporation (HDFC), the premier housing finance company, has received an approval from Reserve Bank of India (RBI) to raise External Commercial Borrowing (ECB) of up to $500 million. The approval is valid for a period of 6 months.
The housing finance company has also reduced its Retail Prime Lending Rate (RPLR) by 20 basis points, with effect from April 13, 2015.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
