HDFC assigns loans of Rs7,468cr to HDFC Bank during Q3FY22; Stock ends 1.5% up

4 Jan 2022 , 04:15 PM

In the quarter ending December 2021, NBFC-giant HDFC announced that the corporation assigned loans amounting to Rs7,468cr compared to Rs7,076cr in the corresponding quarter of the previous year. All the loans assigned during the quarter ended December 31, 2021, were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.

Further, HDFC announced that the loan sold in the preceding 12 months amounted to Rs27,591cr (Previous Year: Rs16,956cr).

Gross income from the dividend for the quarter ended December 31, 2021, was Rs195cr (PY: Rs2cr).

During the quarter ended December 31, 2021, the profit on the sale of investments was nil (PY: Rs157cr).

On Sensex, HDFC closed at Rs2675.05 per piece up 1.5%.