Price Update25 Oct 2026, 05:00 pm
GIC Housing Finance Hikes Lending Rate by 25 Bps
AI Summary
GIC Housing Finance Ltd announced a revision in its Benchmark Prime Lending Rate (BPLR). The company's Board of Directors, through a circular resolution, approved an increase of 25 basis points in the BPLR. The new BPLR will be 17.95% per annum, up from the previous rate of 17.70% per annum. This change is effective from November 1, 2026. The intimation was made in compliance with Regulation 30 and 51 of SEBI (LODR) Regulations, 2015.
Key Highlights
- Benchmark Prime Lending Rate (BPLR) increased by 25 basis points.
- New BPLR stands at 17.95% per annum.
- Effective date for the rate revision is November 1, 2026.
- Board of Directors approved the change via circular resolution.
Price Impact
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