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HDFC Share Price Today: HDFC To Raise Rs 7,000 Crore By Issuing Bonds Through Private Placement Basis, Stock Edges Higher

hdfc bank: Why HDFC remains cautious despite clocking in strong profit growth

Why HDFC remains cautious despite clocking in strong profit growth Synopsis If the second wave of Covid would not have been there I would have said that the demand momentum would continue unabated. But the second wave makes if impossible to give an estimate because we don t know how long this is going to last, Keki Mistry told ET. Housing Development Finance Corp Ltd (HDFC), India s largest mortgage finance company, has cautioned about uncertainties from the second wave of the Covid 19 pandemic even after a strong growth in net profit on the back of demand for homes from individuals. CEO Keki Mistry refrained from giving a forecast for loan growth next fiscal due to uncertainties around the second wave of Covid 19.

Asian business confidence gains steam, pandemic still top risk – Thomson Reuters\/INSEAD survey

Asian business confidence gains steam, pandemic still top risk – Thomson Reuters/INSEAD survey Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of their Asian launch. The outlook for Asian companies in the next six months tracked by the Thomson Reuters/INSEAD Asian Business Sentiment Index jumped to 62 this quarter from 53 in the third quarter. The latest number according to the survey of 101 firms across 11 Asia-Pacific countries was the highest since the fourth quarter of 2019. A reading above 50 indicates a positive outlook.

Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey

Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey
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