LIC Housing Finance increases lending rate by 50 bps

As widely expected, RBI raised the Repo rate by 50 basis points to 5.90 per cent, as the MPC seeks to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth, as per a research Report from the State Bank of India's Economic Research Department.

from Banking/Finance-Industry-Economic Times https://ift.tt/ro1KghS