India’s largest private bank by asset — Housing Finance Development Corporation Ltd (HDFC) posted its business update for the quarter ending December, 2021.
The company in the reporting quarter gave ₹7,468 crore compared to ₹7,076 crore in the corresponding quarter a year ago, marking an increase of 5%.
“All the loans assigned during the December quarter were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the corporation and HDFC Bank,” it said in a filing.
Loans sold in 2021 were 27,591 crores, up from 16,956 crores the previous year.
According to HDFC, gross dividend income for the period under review was 195 crore.
HDFC has about 27,000 crore of unencumbered high quality liquid assets (HQLA) held completely in government securities as of December 31, 2021, for the purpose of the Liquidity Coverage Ratio (LCR).
In addition, about 13,000 crore of HQLA is retained for statutory liquidity ratio (SLR) requirements against deposits, and 15,000 crore is held for general liquidity purposes.
In total, HDFC has liquidity buffers of nearly ₹55,000 crore.
In accordance with RBI norms, with effect from December 1, 2021, the Corporation is required to retain LCR of a minimum of 50%.
Today, the stock of HDFC opened at Rs 2654, up Rs 17.6 apiece 2636.40.