HDFC gets NHB nod for proposed merger with subsidiary bank

HDFC gets NHB nod for proposed merger with subsidiary bank

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 Bank […]

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

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

‘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 interest […]

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RBI gives green signal to HDFC, HDFC Bank merger proposal

RBI gives green signal to HDFC, HDFC Bank merger proposal

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 Ltd […]

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HDFC Q4 net rises 16% to ₹3,700 crore

HDFC Q4 net rises 16% to ₹3,700 crore

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 and […]

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