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New Delhi (ABC Live): Competition approvals in India are often delivered in dry, technical language. This one does too. On April 7, 2026, PIB said CCI approved the acquisition by Indriya Ltd. of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. through a preferential issue on a private placement basis, calculated on a fully diluted, post-issue basis. PIB also described the acquirer as an investment holding company with no current operations in India. In contrast, it describ ...Read More >
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to Rs 45,900 crore. Operating expenses rose 6.4% to Rs 17,980 crore, and provisions increased 29.6% to Rs 3,500 crore. Profit before tax climbed 11% to Rs 24,420 ...Read More >
Mumbai (Maharashtra) [India], May 18 : The largest lender in the country State Bank of India on Thursday posted an 83.18 per cent jump in its net profit to Rs 16,695 crore, against Rs 9,113.53 crore in the year-ago period. According to a statement from the lender, operating profit during the reviewed quarter went up 24.87 per cent to Rs 24,621 crore. The lender's return on assets (RoA) and return on equity (RoE) for the financial year FY23 stand at 0.96 per cent and 19.43 per cent, respectivel ...Read More >
Mumbai: HDFC Bank reported a 12.2% year-on-year rise in standalone net profit to Rs 18,155 crore for the quarter ended June 2025, driven by a sharp increase in other income and lower tax outgo. The profit was up from Rs 16,175 crore in the year-ago quarter, even as provisions surged more than fourfold.The board also approved the issue of bonus shares in the ratio of 1:1, i.e., one bonus share for every share held, subject to shareholder approval. In addition, it declared an interim dividend of R ...Read More >
Mumbai: Bernstein initiated coverage on housing finance companies in the affordable segment and assigned an 'Outperform' ratings to HomeFirst Finance, Aptus, and Aadhar; and 'Market-Perform' ratings to Aavas and PNB Housing Finance. The brokerage said around 60% of the labour force has access to credit and mortgages are likely to drive the next leg of growth given the low mortgage penetration. "We expect affordable mortgages (ticket size Affordable housing space remains attractive with over 3 ...Read More >
New Delhi, Jul 9 (PTI) Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NB ...Read More >
New Delhi: After Steller debut Emkay Global has shown confidence in HDB Financial Services, setting a target price of Rs 900 per share and giving a 'Buy' rating. This target shows a possible upside of about 22 percent from the IPO issue price of Rs 740. Strong Market Debut On July 2, HDB Financial Services made an strong debut on the stock market, listing at Rs 835 per share -- a 13 percent premium over its IPO price. This strong start shows robust investor interest and confidence in the compa ...Read More >
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