Rates for new loans were cut earlier this month
Despite rate cuts, credit demand unlikely to improve meaningfully
Bank of India also reduced its home loan rates by 0.9%
The bank later rectified the error and asked the customers to ignore the previous message
Loan demand has slowed down domestically due to demonetisation exercise carried out by the government
In a filing to the BSE, HDFC said Unitech has not been able to service its loan regularly due to sluggish sale of its apartments
Home loans up to Rs 75 lakh for women borrowers will now attract an interest of 9.15% and for others it will be 9.20%
Its total income in the reporting quarter rose to Rs 8,103.15 crore from Rs 7,421.31 crore
Total assets under management at Rs 3,11,264 cr, y-o-y growth of 16%, adjusted for loans sold or assigned
HDFC had invested Rs 500 crore in the project in 2010, which realised a return Rs 1,500 crore after 6 years
Total income up 15.8% to Rs 14,505 cr; loan book at Rs 2,75,406 cr, up about 16%
The issue carried a coupon rate of 7.25 per cent per annum payable semi-annually
The corporation has raised a total of Rs 5,000 cr through issuance of rupee-denominated bonds in four tranches
In July this year, in the first-ever masala bond issue, HDFC had raised Rs 3,000 cr through rupee-denominated bonds
The issue will open on October 13 with a tenor ending on October 12, 2018
Shares of HDFC were trading at Rs 1,414.05 apiece, up 0.56 per cent from its previous close on BSE
The bonds, worth Rs 500 cr, will be listed on LSE, just like previous Rs 3,000 cr issue
The bonds will be listed on the London Stock Exchange and pricing and the tenure of the bonds will be intimated in due course
HDFC Equity Fund maintains the numero uno position with assets of Rs 16,000 cr, despite it losing Rs 1,000 cr of AUM on account of redemptions
HDFC raised Rs 3,000 cr on July 14 via masala bonds, an offshore-traded, rupee-denominated issue