Mortgage lender Housing Finance Improvement Corportation Ltd (HDFC) on Monday shared its enterprise replace for the quarter ending December, 2021.
The corporate has assigned loans amounting to ₹7,468 crore in comparison with ₹7,076 crore within the corresponding quarter of the earlier yr, which is a rise of 5%.
“All of the loans assigned in the course of the December quarter have been to HDFC Financial institution pursuant to the buyback choice embedded within the dwelling mortgage association between the company and HDFC Financial institution,” it stated in a submitting.
In 2021, loans offered amounted to ₹27,591 crore as in comparison with ₹16,956 crore within the earlier yr.
Gross earnings from dividend for the interval below evaluation got here in at ₹195 crore, HDFC stated.
As at December 31, 2021, for the aim of Liquidity Protection Ratio (LCR), HDFC is carrying roughly ₹27,000 crore of unencumbered top quality liquid belongings (HQLA), held totally in authorities securities.
Additional, roughly ₹13,000 crore of HQLA is held for statutory liquidity ratio (SLR) necessities in opposition to deposits and ₹15,000 crore is being maintained for common liquidity function.
In mixture, HDFC has liquidity buffers of roughly ₹55,000 crore.
In accordance with RBI norms, with impact from December 1, 2021, the Company is required to keep up LCR of a minimal of fifty%.
On Monday, HDFC shares closed 2.73% greater at ₹1,519.80 on NSE.
Supply: Live Mint