HDFC gets NHB nod for proposed merger with subsidiary bank

[ad_1] The NHB has also approved the merger of two wholly-owned subsidiaries—HDFC Investments and HDFC Holdings Limited—of the housing finance company with HDFC The NHB has also approved the merger of two wholly-owned subsidiaries—HDFC Investments and HDFC Holdings Limited—of the housing finance company with HDFC Mortgage major HDFC has received approval from the National Housing […]

Continue Reading

HDFC Q1 net profit rises 22% to ₹3,669 crore on higher disbursements

[ad_1] ‘Individual loan expands 19%, marking the highest percentage growth in 8 years’ ‘Individual loan expands 19%, marking the highest percentage growth in 8 years’ Mortgage lender Housing Development Finance Corporation Ltd. (HDFC) said first-quarter net profit grew 22% to ₹3,669 crore from a year earlier due to higher home loan disbursements and improvement in asset quality. Net […]

Continue Reading

RBI gives green signal to HDFC, HDFC Bank merger proposal

[ad_1] Earlier this week, the proposed merger got approval from both stock exchanges — BSE and NSE Earlier this week, the proposed merger got approval from both stock exchanges — BSE and NSE HDFC Bank on July 4 said it has got banking sector regulator RBI’s nod for the merger proposal of its parent HDFC […]

Continue Reading

HDFC Q4 net rises 16% to ₹3,700 crore

[ad_1] Housing Development Finance Corporation Ltd. (HDFC) on Monday reported fourth-quarter standalone net profit rose 16% to ₹3,700 crore, from ₹3,180 crore in the year-earlier period, as demand for home loans improved. For the 12 months ended March 31, 2022, the mortgage lender reported net profit of ₹13,742 crore, a 14.3% increase from ₹12,027 crore. Individual approvals […]

Continue Reading