HDFC raises $1.1 bn ‘social loan’ via ECBs
HDFC says the proceeds would go towards financing affordable housing loans; facility priced at a margin of 90 bps over a secured overnight financing rate
HDFC says the proceeds would go towards financing affordable housing loans; facility priced at a margin of 90 bps over a secured overnight financing rate
HDFC’s net interest income saw marginal growth at ₹4,447 cr compared to ₹4,125 cr in the previous year; gross non-performing loans at ₹10,288 cr
Post the stake sale announcement, HDFC shares were trading higher after three days of consecutive falls. Its m-cap also rose to ₹3.9 lakh crore.