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HDFC saw strong improvement in individual loan business during Q4FY21
Posted On: 2021-04-03 02:05:59 (Time Zone: Arizona, USA)
Housing Development Finance Corporation Ltd ( HDFC / Corporation ) has announced that the individual loan business continued to see strong improvements during the quarter ended Match 31, 2021.
Loans assigned: During the quarter ended March 31, 2021, pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank, the Corporation assigned loans to HDFC Bank amounting to Rs. 7,503 crore compared to Rs. 5,479 crore in the corresponding quarter of the previous year.
Individual loans sold in the preceding 12 months amounted to Rs. 18,980 crore (Previous Year: Rs. 24,127 ctore).
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