The NSE Nifty 50 index was down 0.36% to 14,939.20 by 9:22 am, while the S&P BSE Sensex was 0.33% lower at 50,722.98. Both indexes were down for a fifth straight session.
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HDFC, India s largest mortgage financier, may remain NBFC
In November, a Reserve Bank of India panel recommended that large shadow lenders may be considered for conversion into banks after 10 years of operations, as authorities continue to nurse the sector that’s going through a prolonged cash crunch.
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. Updated: 04 Feb 2021, 02:19 PM IST Bloomberg
HDFC Ltd Vice Chairman and CEO Keki Mistry said he was confident that bounce back in demand for home loans would continue, following the strong revival seen in the last four months
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India’s largest mortgage financier may remain a shadow lender, despite a central bank proposal for large non-banking finance firms to become full-fledged banks.
SBI Q3 result: Net profit slips 7% YoY to Rs 5,169 cr on higher provisions India’s biggest public sector bank (PSB) State Bank of India (SBI) on Thursday reported a 6.9 per cent year-on-year (YoY) drop in standalone net profit at Rs 5,196.22 crore for quarter ending December, 2020 (Q3FY21). The fall was largely driven by marginal increase in provisions against bad loans. In the year-ago period, the lender had clocked a net profit of Rs 5,583.4 crore. On a quarterly basis, the PAT grew 13.6 per cent from Rs 4,574.2 crore reported in the September quarter of FY21 (Q2FY21).
Option to remain a large NBFC very much on the table : HDFC group CEO