Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance InFocus

HDFC Reports Business Recovery Coming Back to Normal As Pre COVID Days

"September has seen the strongest recovery since the outbreak of COVID-19 pandemic and the levels have exceeded those in the corresponding month of the previous year," it said in regulatory filings. "These trends are indicative that business is reverting to pre-COVID-19 levels."

author-image
SMEStreet Edit Desk
06 Oct 2020 06:52 IST

Follow Us

New Update
Deepak Parekh, HDFC

Non-banking finance company Housing Development Finance Corporation (HDFC) has reported loan disbursements during the September quarter at 95 per cent of the level in the corresponding quarter of the previous year.

Individual loan approvals grew by 9 per cent year-on-year and loan applications jumped by 12 per cent.

"September has seen the strongest recovery since the outbreak of COVID-19 pandemic and the levels have exceeded those in the corresponding month of the previous year," it said in regulatory filings. "These trends are indicative that business is reverting to pre-COVID-19 levels."

During the quarter ended September 30, HDFC assigned loans amounting to Rs 3,026 crore compared to Rs 7,160 crore in the corresponding quarter of the previous year.

"All the loans assigned were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between HDFC and HDFC Bank."

Loans sold in the preceding 12 months amounted to Rs 14,138 crore as compared to Rs 23,767 crore in the previous year.

At 11 am, HDFC stock was trading 5.85 per cent higher at Rs 1,889.80 per unit.

HDFC
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!