"We are not, at this moment, looking at any increase in interest rates but it’s something which has to be evaluated from time-to-time but at this moment we do not see the need to increase rates or lower rates for that matter," said Keki Mistry, Vice Chairman and Chief Executive Officer, HDFC.

Mistry said spreads have been largely stable at 2.29%.

"The balance sheet growth in housing loans is higher. If we look at the growth in individual housing loans and balance sheet basis, it is at 23%. Total growth in the loans book stands at 21% on balance sheet basis,” he added.

HDFC reported 28.63% rise in consolidated net profit at Rs 3,961.17 crore for the quarter ended March 31, 2018.

The company had registered a net profit of Rs 3,079.33 crore in the January-March quarter of the previous financial year (2016-17).

First Published:May 2, 2018 1:24 PM IST