Stock Report

HDFC - Business Updates as of December 31, 2021

Posted On : 2022-01-03 17:30:56( TIMEZONE : IST )

Housing Development Finance Corporation Ltd (HDFC) has announced the business updates for the period ended December 31, 2021.

1. Loans assigned:

During the quarter ended December 31, 2021, the Corporation assigned loans amounting to Rs. 7,468 crore compared to Rs. 7,076 crore 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.

Loans sold in the preceding 12 months amounted to Rs. 27,591 crore (Previous Year: Rs. 16,956 crore).

2. Gross income from dividend for the quarter ended December 31, 2021 was Rs. 195 crore (PY: Rs. 2 crore).

3. During the quarter ended December 31, 2021, the profit on sale of investments was nil (PY: Rs. 157 crore).

4. In accordance with the Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021, with effect from December 1, 2021, the Corporation is required to maintain Liquidity Coverage Ratio (LCR) of a minimum of 50%. As at December 31, 2021, for the purpose of LCR, the Corporation is carrying approximately Rs. 27,000 crore of unencumbered High Quality Liquid Assets (HQLA), held entirely in government securities. Further, approximately Rs. 13,000 crore of HQLA is held for Statutory Liquidity Ratio requirements against deposits and Rs. 15,000 crore is being maintained for general liquidity purposes.

Thus, in aggregate, the Corporation has liquidity buffers of approximately Rs. 55,000 crore.

All the figures are subject to limited review by the statutory auditors of the Corporation.

Shares of Housing Development Finance Corporation Limited was last trading in BSE at Rs. 2635.45 as compared to the previous close of Rs. 2586.85. The total number of shares traded during the day was 357530 in over 6723 trades.

The stock hit an intraday high of Rs. 2639.90 and intraday low of 2587.00. The net turnover during the day was Rs. 934104661.00.