HDB Financial Services

Fresh equity offering upto Rs 2,500 cr plus offer for sale

HDB Financial's listing follows the country's central bank norms introduced in 2022, which required large non-banking financial companies (NBFC) to be listed on stock exchanges by September 2025

HDB Financial Services Ltd. is in talks with a group of global and local banks to finalise the terms

Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter

The move marks the latest in a string of acquisitions by Japan's top banks in India

After witnessing asset quality pressures in the aftermath of the pandemic, the finance company has improved its risk profile and health to support sustained growth in the loan book

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

LIC Housing raises Rs 941 cr against indicative Rs 1,500 cr

The debt market experienced a notable decline in issuances during July as issuers chose to take a back seat in response to the escalating cost of borrowing

However, credit growth remains flat

Asset quality takes hit with NPAs surging to 7.75%

The finance company has seen business growing at a good pace over the past few years

HDBFS has a network of over 1,425 branches in 1,038 towns and cities

HDB Finance, an NBFC in the retail financing space, has seen its overall loan portfolio grow by 22 per cent to Rs 56,287 crore as on June 30 from Rs 45,889 crore a year ago

The proposed IFC debt facility will enable HDB to expand its individual micro & small business loan portfolio in the low-income states (LIS) of India