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HDFC Q4 PAT up 42% YoY at Rs 3,180 cr; Board re-appoints Keki Mistry as MD


India’s leading housing financier HDFC on Friday reported a 42.43 per cent year-on-year growth in standalone net profit at Rs 3,179.83 for January-March quarter of FY21 (Q4FY21). This compares with profit of Rs 2,232.5 crore reported in the previous year period (Q4FY20).
On a quarterly basis, the profit rose 8.6 per cent from Rs 2,925.8 crore reported in Q3FY21.
HDFC’s Board also approved re-appointment of Keki M. Mistry as the managing director (MD) of the Corporation for a period of three years with effect from May 7, 2021. Besides, it has recommended a final dividend of Rs 23 per equity share for FY21, compared to Rs 21 per equity share in the previous year. ....

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HDFC Q4 PAT rises 42% YoY to Rs 3,179 cr


Housing Development Finance Corporation (HDFC) rose 2.14% to Rs 2482.65 after the corporation reported 42.4% jump in standalone net profit to Rs 3,179.83 crore in Q4 FY21 as against Rs 2,232.53 crore in Q4 FY20.
Total income declined by 2.3% year-on-year (YoY) to Rs 11,707.53 crore in the fourth quarter. Profit before tax in Q4 FY21 stood at Rs 3,923.94 crore, up by 45.7% from Rs 2,692.44 crore in Q4 FY20.
HDFC reported 32.3% drop in standalone net profit to Rs 12,027.30 crore on 18% fall in total income to Rs 48,175.86 crore in the year ended 31 March 2021 over the year ended 31 March 2021.
The reported profit before tax for the year ended 31 March 2021 stood at Rs 14,815 crore, down by 27.2% from Rs 20,350.92 crore for the year ended 31 March 2021. ....

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PM Awas Yojana 2021: Here's how to check your name in beneficiaries list


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PM Awas Yojana extended until March 31, 2022. Lower and Middle-income groups can benefit from the scheme.
Pradhan Mantri Awas Yojana Scheme is designed to benefit lower and middle-income groups. By providing subsidies on tax, the scheme helps these groups avail their own house. Initially started by PM Modi, this scheme will now be valid till March 31, 2022. So far, a huge population has applied to this scheme. If you re one of them too, here s how you can check if you have received the benefits or not. 
First, here are a few parameters that should be kept in mind while understanding PMAY. ....

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Chief Commissioner of Income Tax, Amritsar; former Ministers; Dy Mayor JMC; delegations of Dogra Sadar Sabha & FCIK call on Lt Governor


Chief Commissioner of Income Tax, Amritsar; former Ministers; Dy Mayor JMC; delegations.
Chief Commissioner of Income Tax, Amritsar; former Ministers; Dy Mayor JMC; delegations of Dogra Sadar Sabha & FCIK call on Lt Governor
JAMMU: Chief Commissioner of Income Tax, Amritsar, Poonam Khaira Sidhu today called on Lieutenant Governor, Manoj Sinha here at Raj Bhavan.
During the interaction, discussions were held on functioning and establishment of new ASK Centres (Aaykar Seva Kendra) in J&K, besides effective implementation of flagship scheme viz ‘Vivad Se Vishwa’s aimed at reducing Income Tax pending litigation, generating timely revenues for the Government and helping the taxpayers to end their tax disputes with the department by paying disputed tax and get waiver from payment of interest and penalty. ....

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HDFC Q3 takeaways: Bad loans in check, collection efficiency grows


HDFC Q3 takeaways: Bad loans in check, collection efficiency grows
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The largest mortgage lender in India said its profit figure that came comparatively lower for the third quarter is not comparable due to one-time gain last year.
PTI
But net interest income, which is comparable, grew 26 per cent, which the analysts said was decent.
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NEW DELHI: HDFC’s Q3 numbers shows that the company has maintained its business growth with increased collection efficiency and decent growth in assets. Bad loans also seem to be under control.
The largest mortgage lender in India said its profit figure that came comparatively lower for the third quarter is not comparable due to one-time gain last year. But net interest income, which is comparable, grew 26 per cent, which the analysts said was decent. ....

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