NEWS & ADVICE : HOME LOANS
HDFC posted 18.5% increase in profits for Q2
By Joseph Samson
Oct 23, 2012
Print    Email    RSS   

The country's largest housing finance company, Housing Development Finance Corporation (HDFC) recorded growth in net profit of 18.5 per cent at Rs 1, 151 crore in the second quarter of this fiscal as compared to Rs 970.70 crore of the corresponding quarter of 2011. And this was possible because of the retail home loan borrowings.

HDFC's loan book increased 20 per cent at Rs 1, 55,128 crore for the half year which ended on September 30 against Rs 1, 26,992 crore last year.

Keki Mistry, Vice-Chairman and CEO of HDFC said, "About 78 per cent of the increase in loan book in the April-September period was because of the rest came from non-individual loans".

Mr. Mistry also said that HDFC's asset quality also has improved for the 31st successive quarter. The Total Income of the quarter increased 27 per cent to Rs 5269.45 crore as compared to Rs 4163.93 crore. Non-performing loans stood at 0.77% for the quarter as compared to 0.83% a year ago.

Mistry added, "The Company continues to maintain its target".


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to go about ‘Leveraged Investing’
Home Equity Loan: A shoulder you can bank...
An insight into the era of teaser loans
Should interest rate only be considered in...
Credit score from CIBIL: will it really...


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive