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HDB Financial Services Limited (HDBFSL) is a subsidiary of HDFC Bank. As on December 31, 2021, HDBFSL had 1,328 branches across 965 cities / towns.

HDBFSL posted a net profit of Rs 304.1 Cr in the third quarter ended December 2021. It had posted loss of Rs 146.2 crore in same quarter last year..=

Sequentially, net profit rose over 50% when compared to Rs 191.7 Cr reported in the Q2 of FY22. Its revenues in the reporting quarter rose 15 per cent to Rs 1,981.6 crore from Rs 1,723.7 crore in Q3FY21. Sequentially, they grew marginally from Rs 1,916.7 crore in Q2FY22.

Its credit growth, on an annual basis, was flat as its total loan book stood at Rs 60,478 crore at end of December 2021 as against Rs 60,068 crore a year ago and Rs 60,008 crore in September 2021. In Dec'21 the liquidity coverage ratio was healthy at 222% while its gross non-performing assets stood at 6.05% as against 5.9%(proforma basis) a year ago and 6.1% in Sep'21. Its Capital Adequacy Ratio (CAR) was at 20.3 per cent with Tier-I at 14.9 per cent in Dec'21.

In 3rd quarter of FY22, company earned revenue of Rs.535.61 Cr. with PBT and PAT of Rs.347.09 Cr and Rs.258.03 Cr. respectively.

As of December'21 company has equity share capital of Rs.15.83 Cr., with 1.583 Cr shares at the face value of Rs.10. The company has reserves of Rs.1641.71 Cr with book value per share of Rs.1047.

Payments solutions provider AGS Transact Technologies has cut its initial public offering (IPO) size to Rs 680 crore from Rs 800 planned earlier. The first IPO issue of the year will open on January 19 and close on January 21. The issue will entirely be an offer for sale wherein promoter Ravi B Goyal will sell shares worth up to Rs 677.58 crore.

Five-Star Business Finance Limited received approval from the Securities and Exchange Board of India (SEBI) for their respective initial public offering on jan'10,2021, information available on the capital market regulator's website showed.

Five-Star Business Finance is bringing an IPO of Rs 2,752 crore, which is entirely an offer for sale. The non-bank lender is backed by some of the biggest names in the private equity market such as TPG, Sequoia, KKR, Matrix Partners, and Norwest Ventures.

The promoter group as well as some of the private equity investors of Five-Star Business Finance will offload shares in the company’s IPO.