HDFC sees 22% loan growth in fiscal year 2011

Housing Development Finance Corp (HDFC), India's top mortgage lender, sees loan growth at 22% for the fiscal year ending March 2011, managing director Renu Sud Karnad told reporters on Thursday.   

HDFC does not see lending rates going up in the immediate future, she said.                                           

On Thursday, the Reserve Bank of India left interest rates on hold but warned inflation was still well above its comfort level, adding to the  possibility that it will resume monetary tightening in January.