65195709 65172362 65172297 65100863 Leading mortgage lender HDFC on Monday reported 53.74 per cent year-on-year rise in profit at Rs 2,190 crore for the quarter ended June. The non-banking financial company (NBFC) had posted profit of Rs 1,424.47 crore in the corresponding quarter last year.Analysts in an ETNow poll has predicted a profit of Rs 2,173 crore for the quarter under review.The net interest income for the quarter ended stood at Rs 2,890 crore compared to Rs 2,412 crore in the corresponding quarter of the previous year, representing a growth of 20 per cent YoY. Net interest margin stood at 3.5 per cent.Provisions stood at Rs 19.70 crore in Q1FY19 over Rs 163.60 crore in Q1FY18. HDFC witnessed an 18 per cent growth in the overall loan book on Assets Under Management (AUM) basis for the quarter ended June.65197031 The board of the NBFC approved raising of external commercial borrowing (ECB) up to $1.5 billion from financial institutions, banks, multilateral financial agencies, mutual fund, body corporate, firms, association of person or such other entities, subject to approval of the Reserve Bank of India.During the three-month period, 37 per cent of home loans approved in volume terms and 19 per cent in value terms were to customers from the EWS and LIG segment.The company on an average has been approving around 8,300 loans on a monthly basis to the EWS and LIG segment, with monthly such average approvals at approximately Rs 1,346 crore. The spread on loans over the cost of borrowings stood at 2.28 per cent. The spread on the individual loan book was 1.91 per cent and on the non-individual book was 3.14 per cent.
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Monday, July 30, 2018
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Orai is a city and a municipal board in Jalaun district in the Indian state of Uttar Pradesh. It is the district headquarters for Jalaun District.
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