HDFC Bank has previously indicated that it will grow its advances at a slower pace than its deposits, as it seeks to bring down its elevated loan-deposit ratio to pre-merger levels
As of December 7, 2023, the revised rates for overnight MCLR stand at 8.70 per cent; for one month, it is 8.75 per cent; for three months, it is 8.90 per cent; for six months, it is 9.15 per cent
The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago
HDFC agreed last April to acquire the country's largest mortgage lender in a deal valued at about $60 billion to ride a boom in home loans and consumer spending
NBFCs, HFCs drive loan sell-downs to raise funds for rising credit demand; HDFC-HDFC Bank merger may dampen volume in FY24
Mortgage lender HDFC Ltd on Monday said its board has approved raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore. The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a regulatory filing. This is in accordance with the approval granted by the shareholders of the HDFC at the 45th annual general meeting held on June 30, 2022, it said. Besides, it said, "the board has approved increase in the overall borrowing powers of the corporation from Rs 6 lakh crore to Rs 6.50 lakh crore, outstanding at any point of time and recommended the same for approval of the members of the corporation by way of postal ballot." The decision was taken since the outstanding borrowings of HDFC as on date is approximately Rs 5.70 lakh crore and it would need to borrow further for its business purposes ti
The loans for these categories, which fall under a scheme titled 'Festive Treats 4.0', are applicable till October 31, 2022, the bank's website showed
This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India
During the March quarter, there was no sale of investments in subsidiary/associate companies, as per the filing
Company says said the profit numbers for Q1Fy22 are comparable with that of the previous year for reasons including higher effective tax rate.
Retail loans expanded 9 per cent on Y-o-Y basis over June 2020 and at a lower pace of 1 per cent sequentially over March 2021
SBI had a special offer in March that offered home loans started from 6.7 per cent.
The revised rate of 6.75% comes into effect today
The more the borrower defers principal repayment, higher is his interest cost
Analysts see HDFC as a low-risk play on an improving underlying housing cycle. They believe the stock offers growth with reasonable value and should remain a core holding
The rub-off effect of subsidiaries is quite prominent on the stock price movement; loan growth at 12 per cent in July-September quarter
Here's a list of products and services that might either pinch your pockets or ease your expenses in the coming months
HDFC Bank's overdraft against mutual funds promises quick disbursal, but customers should also weigh the option of selling off their fund holdings