HDFC's registered office is located at HDFC LTD, 4th, Ramon House, 169, H T Parekh Marg, Churchgate, Mumbai-400020, Backbay
For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 8,297 crs. and Standalone net profit of Rs. 5,990 crs. HDFC reported total deposits of Rs. 450,796 crs and total advances of Rs. 365,495 crs.
HDFC's management is led by its CEO Mr.Keki M. Mistry.
Highest fixed deposit interest offered by HDFC is 7.65% per annum on deposits.
Its current PLR is 16.30%, which was last revised on 05th Oct 15.
05th Nov 16 HDFC reduces home loan rates to 9.15 percent
HDFC home loan rates have been reduced by 0.15 percent for new customers. The rates are now 9.15 percent for female borrowers and 9.20% for male borrowers. The new home loan rates will be effective from 4th November, 2016. The floating rate loans would be benchmarked to HDFC PLR which is currently 16.30%.
03rd Nov 16 HDFC ARYA has extended its login date till 30th November, 2016
HDFC has launched HDFC ARYA scheme in September to benefit government employees. HDFC has now extended its login date from 31st October, 2016 to 30th November, 2016 subject to first disbursement by 31st January, 2017. Now, central government and defence employees can get the benefit of home loan at 9.30 per cent rate for one more month.
07th Oct 16 HDFC plans to raise 1500 cr in debt to augment capital
HDFC Ltd will raise 1500 crore by issuing debt securities on a private placement basis. The secured non convertible debentures will carry the coupon rate of 7.5 costs per annum. HDFC will start issuing debt securities on October 13 and will end on 12th October 2018.
10th Aug 16 HDFC Ltd. customers can directly access their CIBIL Score and Report on its website
HDFC has implemented the CIBIL Consumer Connect solution which will facilitate customers to purchase their CIBIL Score and Report directly from HDFC website. This move will bring transparency in the loan appraisal process as CIBIL report is an important parameter based on which banks and HFCs decide the eligibility of borrowers. The move is expected to improve customer satisfaction and increase awareness on credit discipline.
27th Jul 16 HDFC reported 38% increase in Q1 results
As per the results of Q1FY17 , Housing Development Finance Corp. Ltd (HDFC) reported a 37.5 percent increase in its Net Profit to Rs 1,870.7 crore. This was largely due to one-time gain of Rs.725 crore on the sale of a 22.9 percent stake in HDFC ERGO General Insurance Co. Ltd.
Total Income from operations increased by 19.4 percent year on year to Rs 8,382.3, while Net Interest Income, showed a growth of 9 percent to Rs 2,229.15 crore. Asset quality was stable in the current quarter, with Gross NPAs ratio of 0.75 percent compared to 0.7 percent as on FY16 . Provision for contingencies showed a significant increase of 580 percent on a yearly basis, but compared to last quarter, it registered a decline of 37.6 percent Provisions for contingencies included an additional one time provision of Rs 275 crore towards standard assets and other contingencies.
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