HDFC Loan

Analysts say large lenders like HDFC Bank, ICICI Bank and SBI have strong provisioning buffers, while those with unsecured or microfinance exposure may face higher impact

HDFC Bank and Kotak Mahindra Bank are expected to report increases in bad loans, which should lead to higher provisions and weigh on quarterly profit

The country's biggest private sector lender, HDFC Bank, on Saturday said it has registered a marginal 3 per cent increase in loan growth at Rs 25.42 lakh crore in the December quarter. Total advances were Rs 24.69 lakh crore at the end of December 31, 2023, HDFC Bank said in a regulatory filing. The lender reported a 15.8 per cent rise in total deposits to Rs 25.63 lakh crore as against Rs 22.14 lakh crore at the end of the third quarter of the previous financial year. The bank's average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment) were Rs 26.27 lakh crore for the quarter under review, registering a growth of about 7.6 per cent over Rs 24.41 lakh crore in the year-ago period. Meanwhile, state-owned Indian Bank reported a credit growth of 9.6 per cent to Rs 5.59 lakh crore in the October-December period as against Rs 5.10 lakh crore a year earlier. At the same time, total deposits regist

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

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