Asset Quality Of India’s Housing Lenders Likely To Worsen, Says Rating Agency ICRA

[ad_1] Non -performing assets in housing segment are likely to rise Indian housing finance companies (HFCs) are likely to face worsening of asset quality this year, with about 30 per cent of their portfolios falling within the regulator-approved moratorium as of end-May, rating agency ICRA said on Friday. ICRA said gross non-performing assets (GNPA) in the […]

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HDFC Cuts Lending Rates By 0.2%, Home Loans Cheaper From Today

[ad_1] HDFC reduces lending rates by 0.20 per cent The country’s biggest mortgage lender Housing Development Finance Corporation (HDFC) on Friday cut its retail prime lending rate (RPLR)  by 20 basis points, or 0.2 per cent. The move is in line with other lenders in the sector, led by State Bank of India (SBI). According […]

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Sensex, Nifty Off Day’s High; Metals; Banks Trade Firm, IT Stocks Weak

[ad_1] All the Nifty sectoral indices were trading in the green, with the exception of IT and media. Domestic stock markets are firmly in the green mid way through the day, albeit off the highs touched in early trades, as markets resumed trading after the long weekend. The S&P BSE Sensex index climbed as much […]

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HDFC March Quarter Profit Falls 22% To Rs 2,233 Crore, Board Announces Rs 21 Dividend

[ad_1] Mortgage lender Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 2,232.53 crore for the quarter ended March 31. That marked a decline of 21.98 per cent compared to the corresponding period a year ago. In a regulatory filing, HDFC said its total revenue from operations for the fourth quarter […]

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China Central Bank Raises Stake In HDFC To Over 1%

[ad_1] Bengaluru: The People’s Bank of China increased its stake in Housing Development Finance Corporation (HDFC) to 1.01 per cent from 0.8 per cent, the mortgage lender said in a filing on Saturday. China’s central bank held about 17.5 million shares in HDFC, as of March-end, according to quarterly data filed to exchanges by India’s […]

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