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Created by : Veena Gupta, Analyst, Blackstone Group  | 03 26 2009 21:22:22 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : India(Markets)
Keywords : growth hdfc cut rates
Activity:  192 views;  last activity : 07 06 2010 20:18:09 +0000

"Housing Development Financial Corporation" this is the name of a famous bank popularly called HDFC. The bank has grown drastically since its inception in the year1994.

This bank have now cut down its rates will this cut down rates help it to fight in these times?

 
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This may also help customers to control their EMI and that would make them at least pay their loans rather than turning them into bad debts.


By Milind Khaire, Portfolio Manager, IL&FS Venture Corporation  | 03 26 2009 21:25:44 +0000
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May be this may help them to create a strong bond with their customers. This may also make them think that even banks are ready to stand by them and face the situation.


By Veena Gupta, Analyst, Blackstone Group  | 03 26 2009 21:22:22 +0000
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This is the third time when this bank has cut rates since the last fiscal. I do not know how this further cut is going to help them to increse their business.


By Vikrant Panwar, Portfolio Manager, IL&FS Venture Corporation  | 03 26 2009 21:24:12 +0000
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