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HDFC Q1 preview: Higher provisions, tepid credit growth could hit earnings

The HFC is also likely consider issuance of secured redeemable, non-convertible debentures, in various tranches, aggregating up to Rs 45,00 crore on a private placement basis

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Nikita Vashisht New Delhi
Housing finance company, HDFC (Housing Development Finance Corporation), is scheduled to report its June quarter earnings (Q1FY21) amid expectation of tepid loan disbursal, elevated provisioning, and contraction in net interest margin (NIM) as credit demand remained weak amid the ongoing Covid-19 pandemic.

The HFC, which is scheduled to report its April-June quarter earnings for FY21 on Thursday, July 30, is also likely consider issuance of secured redeemable, non-convertible debentures, in various tranches, aggregating up to Rs 45,00 crore on a private placement basis, reports suggest.

Thus far in the financial year 2021, HDFC has underperformed at the bourses. Till Monday, the stock
Topics : HDFC Ltd

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First Published: Jul 29 2020 | 9:50 AM IST

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