HDB's IPO, the largest by an NBFC and fifth-largest overall, receives Sebi approval and is set to meet RBI's listing deadline for upper-layer NBFCs
The Securities and Exchange Board of India's approval is set to be made public in the coming weeks, the people said, asking not to be named discussing a private matter
HDFC Bank's NBFC arm may ask the RBI for more time to meet its September 2025 listing deadline as IPO approval faces delays over compliance issues and regulatory hurdles
HDB Financial Services is under scrutiny for alleged companies act violations linked to a $1.5 billion ipo. sebi's findings could lead to penalties or delays in ipo filings, impacting hdb's compliance
The lender plans to use the proceeds from the IPO to enhance its Tier-I capital base and meet future capital requirements, including those for onward lending
HDFC Bank, which holds a 94.6 per cent stake in the lender, will sell shares worth up to Rs 10,000 crore, while HDB Financial will issue fresh shares worth up to Rs 2,500 crore
Last month HDFC Bank approved raising Rs 2,500 crore through an issue of shares in the IPO, marking the group's first public float in six years
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