INSUBCONTINENT EXCLUSIVE:
Country's largest mortgage lender HDFC or Housing Development Finance Corporation on Friday reported a net profit of Rs 3,203.10 crore for
That marked an increase of 46.26 per cent compared to the corresponding period a year ago
ended June 30.Its net interest income (NII) - the difference between the interest earned and interest paid - for the quarter ended June 30,
2019 stood at Rs 3,042 crore in the first quarter of the current financial year.Given the environment on liquidity, HDFC "as matter of
prudence has been carrying a considerably higher level of liquidity since September 2018
Accordingly, the amount invested in high quality liquid assets in the first quarter of the current year is significantly higher than the
comparable with the corresponding quarter of the previous year.Net interest margin - a key gauge of profitability for a finance company -
stood at 3.3 per cent, the same as the corresponding quarter last year, HDFC said.For the quarter ended March 31, HDFC had reported a net
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