26 July 2024
HDB Financial Services (HDBFSL) is a non-deposit-taking non-banking finance company ('NBFC') offering a wide range of loans and asset finance products to individuals, emerging businesses, and micro enterprises. As on 30 June 2022, the bank held a 95% stake in HDBFSL.
In Q1 FY23, HDBFSL's net revenue was at Rs.2,193.8 crore as against Rs.1,941.1 crore for the quarter ended 30 June 2021, a growth of 13.0%. Profit after tax for the quarter ended 30 June 2022 was Rs.441.3 crore compared to Rs.88.6 crore for the quarter ended 30 June 2021. The total loan book was Rs 61,814 crore as on 30 June 2022. Stage 3 loans were at 4.95% of gross loans. As on 30 June 2022, the total CAR was at 20.3% with Tier-I CAR at 15.4%.As on 30 June 2022, HDBFSL had 1,403 branches across 1,007 cities / towns.
