In the June quarter, the PBT stood at Rs 380.4 crore. Post-taxes, the profit was up 4 per cent year-on-year basis, at Rs 302 crore
The financial institution will put the money as investment in the proposed fund and will rope in a partner for real estate fund financing of distressed assets in the real estate sector
In his frank address, Parekh was critical of the Supreme Court for questioning the Reserve Bank of India's (RBI) move to allow banks and housing finance companies (HFC) to charge interest
India's move was attributed to the rising possibility of "opportunistic takeovers" of its companies by those in neighbouring nations, as the coronavirus pandemic wreaks havoc on the economy
Analysts expect the non-banking finance company (NBFC) to report healthy loan growth amid weak net interest income and weak margins.
The secured redeemable non-convertible debentures are to be allotted on a private placement basis on Friday for an issue size of Rs 2,500 crore, HDFC Ltd said in a regulatory filing on Tuesday
The rub-off effect of subsidiaries is quite prominent on the stock price movement; loan growth at 12 per cent in July-September quarter
So far in the fiscal year 2019-20, the stocks have outperformed the benchmark. While HDFC has surged 17 per cent, HDFC AMC has zoomed 134 per cent till Tuesday.
Plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities
HDFC offloaded 64.7 million equity shares representing 8.8 per cent of total equity of GRUH Finance for worth of Rs 1,599 crore at an average price of Rs 247 per share, the NSE data shows.
The largest private sector lender said the quality of its credit card portfolio is not yet affected by the broader economic realities and the stressed part is half that of the industry average
HDFC Bank slipped 3 per cent to Rs 2,301 on the BSE in the early morning deals on concerns that sluggish auto industry and pressure in MSME and agriculture sector is likely to impact the growth.
Technical calls by Gaurav Garg, Head of Research, CapitalVia Global Research Limited- Investment Advisor
The combined market valuation of five HDFC group firms stood at Rs 10.40 trillion on BSE