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Little possibility of further hike: HDFC
Echoing the same voice as its other industry peers, private sector bank HDFC’s Managing Director Renu Sud Karnad said that the interest rates have soared already and there is little room left for further rate hike by RBI.
“I think interest rates have almost reached peak,” Karnad said after launching women exclusive credit cards of HDFC Bank.
Karnad said sales in the housing sector are temporarily down in 3-4 cities because prices have escalated very much. “Sales are down in high-end segment where people are waiting and watching,” she said.
On easing of housing prices, she said, if correction takes place, it will happen in Mumbai, Delhi and some parts of Bangalore.
