HDFC is seeing strong growth in housing loan disbursement leveraging demand. High buffer provisions at 1.3% helps bring down credit costs.
Recent outperforming high beta counters witnessed a sharp profit booking that dampened the broader markets and the rub-off effect on markets
As capital markets go beyond liquidity support from central banks, investor focus is shifting towards growth revisions.
A 5-basis point cut in the interest rate for a home loan of Rs 10 lakh of 20 years brings down the cost of the loan by Rs 7,113 and EMI by Rs 30.