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