HDFC’s net interest income (NII) during April-June 2022 stood at Rs 4,447 crore, about 7.8 per cent higher as against Rs 4,125 crore a year ago
Housing finance major HDFC on Friday posted a 22 per cent jump in its standalone profit after tax to Rs 3,669 crore for the June 2022 quarter, compared with Rs 3,001 crore in the corresponding period a year ago. Its net interest income (NII) during April-June 2022 stood at Rs 4,447 crore, about 7.8 per cent higher as against Rs 4,125 crore a year ago.
Read More: Top Cryptocurrency Prices July 29: Bitcoin in green, Ethereum biggest gainer
Individual loan disbursements by HDFC also jumped 66 per cent during Q1FY23 as compared with the year-ago period. “Disbursements during the quarter marked the highest ever disbursements for the Corporation in the first quarter of any financial year so far,” it said in a BSE filing.
Its assets under management (AUM) at the end of June 2022 stood at Rs 6,71,364 crore as against Rs 5,74,136 crore in the previous year. As of June 30, 2022, individual loans comprise 79 per cent of the AUM.
Read More: Petrol, Diesel Price Announced Today: Check Latest Petrol Price in Delhi, Mumbai, Other Cities
Its board also approved an investment of up to Rs 2,000 crore in the preferential issue of equity shares to be made by HDFC Life Insurance Company, subject to approvals, if any. It also gave its go-ahead to the raising of funds by way of external commercial borrowing (ECB) in the form of loans for an amount of up to $1.5 billion equivalent, in accordance with directions/guidelines issued by the Reserve Bank of India.
