HDFC gets National Housing Bank nod for merger with subsidiary bank

NEW DELHI: Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries — HDFC Investments and HDFC Holdings Limited — of the housing finance company with HDFC, the filing […]

Seven of top-10 most valued firms add over Rs 1.15 lakh crore to m-cap; RIL lead gainer

NEW DELHI: Seven of the top-10 most valued companies together added Rs 1,15,898.82 crore in market valuation last week, with Reliance Industries grabbing the top spot. Last week, the 30-share BSE Sensex jumped 677.17 points or 1.31 per cent. Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra […]

HDFC to acquire 10% stake in Kerala-based asset management firm

NEW DELHI: Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. “…the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement […]

Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4

NEW DELHI: Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. The company’s net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19. The board has proposed a dividend of […]

HDFC moves NCLT to keep mortgaged Jet Airways headquarters out of bankruptcy process

NEW DELHI: Mortgage lender HDFC on Thursday moved the NCLT seeking to keep the Jet Airways headquarters in the city out of the bankruptcy process. The HDFC counsel told the National Company Law Tribunal that three floors of the building are mortgaged with the lender. The tribunal will hear HDFC’s plea Friday along with the […]

PMAY subsidy: HDFC disburses Rs 1,100 crore to 51,000 home buyers

NEW DELHI: Housing finance firm HDFC said on Sunday it has disbursed over Rs 1,100 crore subsidy to over 51,000 customers under the government’s flagship scheme Pradhan Mantri Awas Yojana (PMAY). HDFC has provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme (CLSS), to these customers belonging to EWS (Economically Weaker Section), […]

Back To Top