Tuesday 6 May 2014

HDFC News Update

Posted by Ways2Capital on Tuesday, May 06, 2014 with No comments
Housing Development Finance Corporation (HDFC) published a net benefit of Rs 1723 crore in the one fourth finished Goal 31, up 11 % from Rs 1555 crore in the season ago interval, which is generally in-line with reports.

However, its net attention earnings (NII) was below reports. In the Q4, NII improved 9 % to Rs 2073 crore from Rs 1899 crore, year-on-year. According to a CNBC-TV18 study, net benefit of India’s biggest loan provider was seen increasing 11 % to Rs 1732 crore and its NII was seen up 13 % to Rs 2145 crore year-on-year.

The banker's edges enhanced and resource top quality stayed constant. Its net attention edges (NIMs) were at 4.1 % as of FY14. Its complete non executing loan was standing at 0.69 %, Rs 1357 crore as of FY14.

Its complete loan guide improved partially to Rs 1.97 lakh crore from Rs 1.7 lakh crore Y-o-Y, wheras borrowings were of Rs 1.84 lakh crore compared to Rs 1.58 lakh crore on annually foundation. Total earnings during the interval improved to Rs 6620 crore from Rs 5666 crore (Y-o-Y). It has also announced a results of Rs 14 per discuss.

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