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