Filter announcements
Loading...
HDB Financial Services Ltd, established in 2007, is a major non-banking financial company in India, offering lending products through Enterprise Lending, Asset Finance, and Consumer Finance, alongside insurance distribution and BPO services for HDFC Bank.
HDB Financial Services' board approved Mr. Jimmy Tata's appointment as a Non-Executive Director (HDFC Bank nominee) until 2028. This appointment requires RBI and shareholder approval, strengthening HDFC Bank's oversight.
HDB Financial Services reported its highest-ever quarterly PAT of ₹785 Cr, surging 38.3% YoY. Disbursements grew 16.2% to ₹17,629 Cr. Asset quality improved with Gross Stage 3 at 2.34%.
HDB Financial Services' Board appointed Mr. Natarajan Srinivasan as Non-Executive Chairman and Independent Director. The Board also proposed a final dividend of Rs. 2 per equity share for FY26, subject to shareholder approval.
HDB Financial Services reported strong Q4FY26 results. Profit after tax jumped 41.4% to ₹751 Cr, with full-year PAT up 16.9% to ₹2,544 Cr. AUM grew 10.7% to ₹1,18,733 Cr, and Gross Loan Book increased 10.9%. Net Stage 3 loans rose slightly to 1.09%.
HDB Financial Services reported Q3 PAT jumped 36.3% to ₹644 Cr. AUM grew 12% to ₹1,14,853 Cr and Net Interest Income rose 22.1% to ₹2,285 Cr. However, Gross Stage 3 loans increased to 2.81% from 2.25%, flagging asset quality deterioration.