Mortgage lender HDFC has said that it has raised Rs.500 crore through rupee-denominated bonds from overseas investors.
Tag: mortgage
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Net profit of HDFC rises 17%
Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per
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DHFL Vysya reduces interest rate on loan
From April 1, DHFL Vysya Housing Finance decided to reduce interest rate on advances across the spectrum for new as well as existing borrowers by 20 basis points. The company is an associate of Dewan Housing Finance and operates in south India. The Bangalore-based lender is the first housing finance company to announce lending rate cut this year, Managing director R Nambirajan said. At present, the company's lowe