Interest rates in the economy have peaked, but it is difficult to predict whether they would fall just as property prices have in some parts of the country, a senior official of housing lender HDFC said.
"Interest rates have peaked and there in not much likelihood of them going up. Would they come down immediately? It is difficult to say," the home loan major's managing director Keki Mistry said on Wednesday.
He also said that interest rates were not as much of a concern as property prices were.
"Property prices are a worry in some places of the country. But in this quarter, we have not really seen a rise in asset prices," Mistry said, adding that "in some places, they have come down."
On the joint venture partner for HDFC's General Insurance business, he said a decision was yet to be taken.
"We are in discussions with some people and a decision is likely in the next 30 days," he said.
HDFC has posted a net profit of Rs 372.81 crore (Rs 3.728 billion) in the first quarter of this fiscal as against Rs 296.82 crore (Rs 2.968 billion) in the year-ago period. Total income stood at Rs 1,830.39 crore (Rs 18.303 billion) as against Rs 1,248.53 crore (Rs 12.485 billion).
HDFC Limited witnessed a 29 per cent rise in both its approvals and disbursements at Rs 7,713 crore (Rs 77.13 billion) and Rs 5,645 crore (Rs 56.45 billion), respectively.
© 2026