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Will pass on rate cuts only when cost of funds drops: HDFC

India‘s biggest mortgage lender‘s fourth quarter profit rose 16%, beating analysts‘ estimates, as demand for home loans in Asia‘s third-largest economy remained robust. Net profit increased to Rs 1,326 crore in the three months ended March, from nearly Rs 1,142 crore a year earlier.

first published: May 8, 2012 10:50 am

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