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Latest news about HDB Financial Services

HDB Financial Services Targets 18-20% Disbursement Growth with Balanced Asset Finance Strategy 1 day ago Yesterday

HDB Financial Services has set ambitious targets for 18-20% year-over-year disbursement growth, supported by anticipated strong momentum in Q1 FY'27. The company is strategically targeting a balanced 50-50 mix between used and new asset financing to optimize portfolio diversification and risk management. This growth strategy reflects the company's confidence in market opportunities and its operational capabilities to expand lending operations sustainably.

Motilal Oswal Maintains Neutral Rating on HDB Financial Services with ₹720 Target Price 1 day ago Yesterday

HDB Financial Services Sets Medium-Term Targets: 2.3% Credit Costs, 8% NIM 1 day ago Yesterday

Morgan Stanley Maintains Equal-weight Rating on HDB Financial Services with ₹720 Target Price 1 day ago Yesterday

Jefferies Maintains Buy Rating on HDB Financial Services with ₹845 Target Price 1 day ago Yesterday

More news about HDB Financial Services

16Apr 26

Nomura Maintains Neutral Rating on HDB Financial Services with ₹740 Target Price

Nomura maintains Neutral rating on HDB Financial Services with ₹740 target price, highlighting profit beat from lower credit costs and improved opex. The company reported 11% YoY loan growth with management shifting focus to growth initiatives. Asset quality challenges expected to ease by FY26 with improving cost of funds, while West Asia war remains a key monitoring factor.

16Apr 26

HDB Financial Services Reports Strong Q4 Results, Approves ₹2 Dividend Per Share

HDB Financial Services delivered impressive Q4 performance with significant growth in profitability and revenue alongside improved asset quality indicators. The company reported net profit of ₹7.5 billion versus ₹5.3 billion year-over-year and revenue of ₹47.4 billion compared to ₹42.6 billion, while gross Stage 3 assets improved to 2.44% from 2.81% quarter-over-quarter and the board approved a ₹2 per share dividend for shareholders.

16Apr 26

HDB Financial Services Makes Q4FY26 Earnings Call Recording Available to Investors

HDB Financial Services Limited has announced the availability of its Q4FY26 earnings call audio recording on the company website. The call, held on April 15, 2026, covered audited standalone financial results for the quarter and year ended March 31, 2026, with the company notifying both NSE and BSE under SEBI regulations.

15Apr 26

HDB Financial Services Submits Revised Q4 FY26 Results with Cash Flow Correction

HDB Financial Services Limited filed revised audited standalone financial results for Q4 FY26 with stock exchanges, correcting a clerical error in the cash flow statement that affected demand drafts on hand figures for March 31, 2025. The revision confirmed the company's robust financial performance with Q4 FY26 profit after tax of ₹7,506 million and annual PAT of ₹25,438 million, while maintaining its position as an Upper Layer NBFC with strong operational metrics.

15Apr 26

HDB Financial Services Submits Q4FY26 IPO Proceeds Monitoring Report Under SEBI Regulation 32

HDB Financial Services Limited submitted its Q4FY26 monitoring agency report showing complete utilization of ₹2,500 crore fresh IPO proceeds as per stated objects. The report by CARE Ratings Limited indicates no material deviation, with ₹2,456.62 crore deployed for Tier-I capital augmentation and ₹37.11 crore for offer expenses. A minor ₹2 crore reallocation from capital augmentation to issue expenses was approved, leaving ₹6.27 crore unutilized in escrow accounts.

06Apr 26

HDB Financial Services Reports No Dematerialisation Requests in Q4 FY26

HDB Financial Services Limited filed its quarterly certificate under SEBI regulations for Q4 FY26, confirming zero dematerialisation and rematerialisation requests. The certificate was issued by registrar MUFG Intime India Private Limited and submitted to NSE and BSE on April 06, 2026, demonstrating the company's ongoing regulatory compliance.

26Mar 26

HDB Financial Services Earnings Call on April 15, 2026 for Q4FY26 Results

HDB Financial Services has scheduled a comprehensive corporate event on April 15, 2026, combining a Board meeting to consider audited financial results for FY26, final dividend recommendation, and borrowing approval, followed by an earnings call at 6:30 PM IST with senior management discussing results with analysts and investors.

24Mar 26

HDB Financial Services Allots 23,245 Equity Shares Under Employee Stock Option Plan

HDB Financial Services Limited allotted 23,245 equity shares to employees under ESOP on March 23, 2026, increasing paid-up share capital from Rs. 8,30,30,39,710 to Rs. 8,30,32,72,160. The total equity shares increased from 83,03,03,971 to 83,03,27,216 shares of Rs. 10 each. The company has informed NSE and BSE about this development in compliance with regulatory requirements.

18Mar 26

Jefferies Initiates Buy Rating on HDB Financial Services with Rs 900 Target Price

Jefferies has initiated a Buy rating on HDB Financial Services with a Rs 900 target price, citing strong Q4 demand and positive growth outlook. The brokerage projects 16-18% AUM growth for FY27 with steady NIMs, while expecting operational improvements including credit cost reduction to 2.4% and ROA reaching 2.5% by FY28. Jefferies anticipates earnings and RoA improvements during FY26-28, driven by growth acceleration and declining credit costs, which should support stock re-rating.

13Mar 26

HDB Financial Services Announces Successful Postal Ballot Results for Key Corporate Resolutions

HDB Financial Services Limited successfully completed its postal ballot process on March 13, 2026, with shareholders approving two key resolutions. The special resolution for profit-related commission to independent directors passed with 99.62% approval from 731048179 votes, while the ordinary resolution for material related party transactions with HDFC Bank Limited for FY 2026-27 received 97.68% approval from 115586698 votes. The e-voting process was conducted through NSDL's platform and scrutinized by Mitesh J. Shah & Associates, ensuring full regulatory compliance.

12Mar 26

HDB Financial Services Appoints Akash Bararia as Head - Consumer Finance

HDB Financial Services Limited has appointed Mr. Akash Bararia as Head - Consumer Finance, effective March 12, 2026, following Board approval based on Nomination and Remuneration Committee recommendations. Mr. Bararia brings over two decades of financial services experience, having held leadership positions at Allianz Partners, Edelweiss Asset Management, Citigroup Consumer Finance, and GE Money. He holds an MBA in Finance and is recognized for his expertise in sales finance, business operations, distribution management, and driving operational efficiency across large distribution networks.

12Mar 26

HDB Financial Services Allots Rs 175 Crore Non-Convertible Debentures on Private Placement Basis

HDB Financial Services Limited has allotted 17,500 secured redeemable non-convertible debentures worth Rs 175 crores on private placement basis. The NCDs carry a face value of Rs 1,00,000 each with a 7.60% coupon rate and 1818-day tenure from March 12, 2026 to March 04, 2031. The debentures are secured by hypothecation over present and future receivables with annual interest payments and planned listing on BSE's Wholesale Debt Market Segment.

02Mar 26

HDB Financial Services Chief Business Officer Karthik Srinivasan Resigns Effective March 31, 2026

HDB Financial Services Limited announced the resignation of Chief Business Officer Karthik Srinivasan, effective March 31, 2026. Srinivasan tendered his resignation on March 2, 2026, to pursue career opportunities outside the company. The company expressed appreciation for his contributions and committed to ensuring a smooth transition of responsibilities.

23Feb 26

HDB Financial Services Allots 27,926 Equity Shares Under Employee Stock Option Plan

HDB Financial Services Limited has allotted 27,926 equity shares to employees under its Employee Stock Option Schemes on February 23, 2026. The allotment increased the company's paid-up share capital from 83,02,76,045 to 83,03,03,971 equity shares of Rs. 10 each. The company has informed both NSE and BSE about this development through proper regulatory filings under Regulation 30.

23Feb 26

HDB Financial Services Raises ₹861.88 Crore Through Private Placement of NCDs

HDB Financial Services successfully completed a major debt fundraising by allocating 81,000 secured redeemable NCDs worth ₹8,61,88,20,535.80 through private placement. The debentures offer 7.5519% coupon rate with 1136-day tenure, secured by hypothecation over company receivables, and scheduled for BSE listing.

23Jan 26

HDB Financial Services Allots 2,37,865 Equity Shares Under Employee Stock Option Plan

HDB Financial Services Limited allotted 2,37,865 equity shares to employees under ESOP on January 23, 2026, increasing the paid-up share capital from 83,00,38,180 to 83,02,76,045 equity shares of Rs. 10 each. The company has informed NSE and BSE about this development and made the information available on its website for stakeholder transparency.

23Jan 26

HDB Financial Services Chairman Arijit Basu Resigns Due to Conflict of Interest

Mr. Arijit Basu resigned as Non-Executive Independent Director and Chairman of HDB Financial Services on January 23, 2026, due to conflict of interest from a potential banking sector appointment. After serving almost five years, he stepped down immediately, also ceasing his committee roles. The company appreciated his valuable guidance and confirmed no additional material reasons for the resignation beyond those stated.

16Jan 26

HDB Financial Services Plans Credit Cost Reduction, Eyes Growth in Commercial Vehicle Segment

HDB Financial Services plans to reduce credit costs by 10-20 basis points from current 2.5% rate over long term while targeting improved quarterly results. The company expects continued strength in consumer finance sector and anticipates growth in commercial vehicle and construction equipment financing driven by infrastructure investments and economic recovery.

16Jan 26

HDB Financial Services Projects Book Growth Aligned with GDP Plus 6-7% from Q3 FY26

HDB Financial Services has provided medium-term guidance projecting book growth to match nominal GDP plus 6-7% from Q3 FY26. The company expects its current NIM of 8.09% to remain steady in upcoming quarters, with medium-term projections indicating NIM will stay between 7.9% and 8%, potentially showing slight improvements.

16Jan 26

HDB Financial Q3 Results Prompt Brokerage Downgrades Despite 36% Profit Jump

HDB Financial Services delivered strong Q3 profitability with 36% net profit jump to ₹644 crore and 22% growth in net interest income to ₹2,285 crore, supported by margin expansion and improved credit costs. However, loan growth decelerated to 12.2% from 13% previously, with disbursements growing only 10% year-on-year, falling short of management's 18-20% growth aspirations. The mixed performance led to brokerage downgrades, with Emkay Global cutting the stock to 'Reduce' and reducing price target to ₹750, while Motilal Oswal maintained 'Neutral' rating at ₹815.

14Jan 26

HDB Financial Services Q3 Net Profit Surges 36.3% to ₹644 Crore on Loan Growth

HDB Financial Services delivered strong Q3 performance with net profit jumping 36.3% to ₹644 crore driven by 22.1% growth in net interest income and 12% expansion in assets under management to ₹1,14,853 crore. The company has made its earnings call audio recording available on its website for investor access.

14Jan 26

HDB Financial Services Reports No Deviation in IPO Proceeds Utilization for Q3 FY26

HDB Financial Services Limited filed its Q3 FY26 compliance statement confirming no deviation in IPO proceeds utilization. The company raised ₹2,500.00 crores through its IPO on June 30, 2025, and listed on NSE and BSE on July 2, 2025. CARE Ratings Limited monitors fund usage, with both audit committee and auditors providing nil comments on fund deployment.

14Jan 26

HDB Financial Services Reports Strong Q3FY26 Results with 36% Profit Growth

HDB Financial Services announced impressive Q3FY26 financial results with net profit surging 36.3% year-on-year to ₹6,439 million and revenue from operations growing 12.8% to ₹46,735 million. The company maintained strong capital adequacy at 21.81% and delivered consistent growth across all key financial metrics.

01Jan 26

Allied Blenders Lock-in Period Expires January 2; Stock Up 114% from Issue Price

Allied Blenders & Distillers faces lock-in expiry on January 2, with 55.9 million shares (20% equity) worth ₹3,355 crore becoming tradeable. Despite Thursday's 2% decline, the stock has gained 114% from its issue price, demonstrating strong performance since listing. HDB Financial Services also sees concurrent lock-in expiry affecting ₹37,000 crore worth of shares.

25Dec 25

HDB Financial Services highlights digital transformation in India's retail credit landscape

HDB Financial Services identifies significant changes in India's retail credit landscape, with 99% of loans now processed digitally. Consumer preferences are shifting towards premium products, particularly in electronics. Credit growth is expanding from major states to emerging centers, reflecting broader socio-economic changes and increased financial inclusion. The company notes faster processing speeds, reduced documentation requirements, and AI-driven credit scoring as key features of the evolving lending industry.

17Dec 25

Jefferies Maintains 'Buy' Rating on HDB Financial Services with ₹900.00 Price Target

Jefferies has reaffirmed its 'Buy' rating for HDB Financial Services, maintaining a price target of ₹900.00. This decision reflects the brokerage firm's continued confidence in the company's market position and growth prospects. The maintained rating and price target suggest Jefferies sees value in the stock at current levels, potentially influencing investor sentiment and trading activity.

11Nov 25

HDB Financial Services Raises Rs 460 Crore Through NCD Allotment

HDB Financial Services has successfully raised Rs 460 crore through the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The allotment comprises two tranches of secured redeemable NCDs, each with a face value of Rs 1,00,000. Tranche 1 consists of 18,500 NCDs totaling Rs 185 crore with a 997-day tenure, while Tranche 2 includes 27,500 NCDs amounting to Rs 275 crore with a 1788-day tenure. Both tranches carry a coupon rate of 7.33%. The NCDs are secured by hypothecation of the company's receivables and will be listed on the Wholesale Debt Market Segment of BSE Limited.

24Oct 25

HDB Financial Services Raises ₹250 Crore Through Secured Debentures

HDB Financial Services, an NBFC, has raised ₹250 crore by issuing secured redeemable non-convertible debentures (NCDs). The issue comprises 25,000 NCDs of ₹1,00,000 each, with a tenure of 1,806 days and an interest rate of 7.33% per annum. The NCDs will be listed on the Wholesale Debt Market Segment of BSE Limited. Interest payments will be made annually on October 23 from 2026 to 2029, with the final payment due on the maturity date of October 04, 2030. The debentures are secured by hypothecation of the company's present and future receivables, maintaining a minimum asset cover of 1.0 times.

18Oct 25

HDB Financial Services Reports 13% Loan Growth, Faces Challenges in CV Segment in Q2 FY26

HDB Financial Services reported a 13% year-on-year growth in its gross loan book, reaching ₹111,409.00 crores for Q2 FY26. Net Interest Income increased by 19.60% to ₹2,192.00 crores, with Net Interest Margin improving by 40 bps to 7.90%. The company faced challenges in the commercial vehicle segment, with Gross Stage 3 assets rising to 2.81%. Despite this, consumer finance showed positive signs, and the company remains optimistic about growth prospects due to festive season demand and GST rate cuts. HDB Financial Services aims for an 18-20% CAGR book growth over 3-5 years, contingent on GDP growth and market conditions.

16Oct 25

HDB Financial Services Reports Mixed Q2 Results; Shares Drop Below IPO Price

HDB Financial Services, an HDFC Bank subsidiary, reported mixed Q2 results. Profit after tax fell 1.70% to ₹581.00 crore, missing estimates due to higher provisions. Net interest income grew 20.00% to ₹2,192.00 crore, and the loan book expanded 13.00% to ₹1,11,409.00 crore. Asset quality showed stress with gross Stage 3 loans increasing to 2.81%. The company expects credit costs to moderate to 2.20% and targets 18-20% loan growth over 3-5 years. An interim dividend of ₹2.00 per share was declared.

15Oct 25

HDB Financial Services Reports Mixed Q2 Results, Declares Interim Dividend

HDB Financial Services announced Q2 results with revenue up 13.63% to ₹45.45 billion, but net profit down 1.69% to ₹5.81 billion. The gross stage 3 ratio increased to 2.81%. The company declared an interim dividend of ₹2.00 per share and granted significant employee stock options at ₹739.85 per share.

15Oct 25

HDB Financial Services Grants ESOPs Ahead of Q2 Results, Stock Down 16% Since Listing

HDB Financial Services has approved Employee Stock Options (ESOPs) under three plans: 18A, 18B, and 18C, totaling 3,446,170 options at a grant price of ₹739.85 each. The options will vest over three years, with 30% in the first two years and 40% in the third. This comes as the company's stock trades below its IPO price, down 16% since listing. Analysts expect 13% year-on-year loan growth and margin expansion in Q2 results. The stock is consolidating above ₹700-740 support, with potential upside to ₹800-850 if sustained above ₹740.

13Oct 25

HDB Financial Services Sets Q2 Results Date, Considers Interim Dividend

HDB Financial Services will hold a Board meeting on October 15 to review Q2 and H1 FY2023-24 financial results and consider an interim dividend. An earnings call is scheduled for 6:30 p.m. the same day. The company has implemented a trading window closure from October 1 to 17 for designated individuals. The stock has shown recent volatility, declining 1.62% in the past 5 sessions, 6.94% in the past month, and 12.90% since its July listing.

09Oct 25

HDB Financial Services Secures ₹200 Crore Through Private Debenture Allocation

HDB Financial Services has successfully raised ₹200 crore through a private placement of 20,000 secured debentures. The debentures have a coupon rate of 7.18% and a tenure of 1,079 days. They will be listed on BSE's wholesale debt market. The company's Board of Directors is scheduled to meet on October 15, 2025, to consider Q2 FY2025-26 financial results and a potential interim dividend declaration.

01Oct 25

HDB Financial Shares Surge 3% as RBI Eases Business Overlap Concerns

HDB Financial Services, a subsidiary of HDFC Bank, saw its shares increase by up to 3% following RBI's decision to remove proposed regulatory restrictions on business overlap between banks and their group entities. This addresses a key concern highlighted in HDB Financial's IPO prospectus and potentially allows for more operational flexibility. The stock closed 2.60% higher at ₹769.70, rebounding from a recent dip below its IPO price of ₹740.00.

25Sept 25

HDB Financial Services Raises Rs 275 Crore Through NCD Private Placement

HDB Financial Services has raised Rs 275 crore by issuing Non-Convertible Debentures (NCDs) through private placement. The company allotted 27,500 secured redeemable NCDs with a face value of Rs 1,00,000 each on September 25, 2025. The NCDs have a coupon rate of 7.33% (XIRR 7.32%) with a tenure of 1,044 days, maturing on August 4, 2028. Interest payments are scheduled for August 4, 2026, and August 4, 2027, with final payment at maturity. The NCDs are secured by hypothecation of the company's receivables and will be listed on BSE's Wholesale Debt Market Segment.

05Sept 25

HDB Financial Services Shareholders Approve Three Employee Stock Option Schemes

HDB Financial Services obtained shareholder approval for three Employee Stock Option Schemes (ESOS) through a postal ballot. The 2014, 2017, and 2022 ESOS received approval rates of 93.47%, 93.47%, and 92.01% respectively. The voting saw participation from 1,263,623 shareholders, representing 86.23% of outstanding shares. Promoter and Promoter Group showed 100% support, while Public Institutional Investors had mixed support and Public Non-Institutional Investors showed over 97% approval across all schemes.

14Aug 25

HDB Financial Services Raises Rs. 200 Crore Through NCD Issuance

HDB Financial Services has successfully raised Rs. 200 crore by issuing 20,000 Non-Convertible Debentures (NCDs) via private placement. The NCDs have a face value of Rs. 1,00,000 each, a tenure of 1,135 days, and a coupon rate of 7.18% per annum. The maturity date is set for September 22, 2028, with annual coupon payments. The NCDs are secured by hypothecation of the company's receivables and will be listed on the Wholesale Debt Market Segment of BSE Limited.

07Aug 25

HDB Financial Services Raises Rs. 500 Crore Through NCD Private Placement

HDB Financial Services has successfully raised Rs. 500 crore through a private placement of Non-Convertible Debentures (NCDs). The issuance, approved on August 7, 2025, comprises 50,000 NCDs with a face value of Rs. 1 lakh each. The NCDs have a tenure of 881 days, maturing on January 5, 2028, with a coupon rate of 7.9611% per annum. The debentures are secured by a first and exclusive charge over the company's present and future receivables, maintaining a minimum asset cover of 1.0 times. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.

30Jul 25

HDB Financial Services: Lock-in Expiry Looms as Q3 Results Show Mixed Performance

HDB Financial Services, a subsidiary of HDFC Bank, is approaching a significant market event as the lock-in period for 3% of its shares (23 million) expires. The stock currently trades at Rs 745.05, 0.60% above its issue price but 10% below its listing price. Q3 FY2024 results show a 2% YoY decrease in net profit to Rs 568.00 crore, while net interest income grew 18% to Rs 2,092.00 crore, driven by strong advances growth.

22Jul 25

HDB Financial Services Reports Mixed Q1 Results with Rising Credit Costs and Slower Disbursements

HDB Financial Services reported mixed Q1 results with total gross loans at ₹1.09 lakh crores, up 14.30% YoY. Net interest income rose 6.00% QoQ to ₹2,092 crores, with NIM expanding to 7.70%. Profit after tax reached ₹568 crores. However, the company faced asset quality challenges with Gross Stage 3 assets increasing to 2.56% and credit costs rising to ₹670 crores. Disbursements declined 14.00% sequentially to ₹15,171 crores. The loan book remains diversified across Enterprise Lending, Asset Finance, and Consumer Finance segments.

16Jul 25

HDB Financial Services: Analysts Remain Bullish Despite Weak Q1 Results

HDB Financial Services, a subsidiary of HDFC Bank, reported mixed Q1 results. Total gross loans increased by 14.30% YoY to ₹1,09,342.00 crore, and AUM rose 15% YoY to ₹1,09,690.00 crore. Net profit declined slightly by 2% YoY to ₹568.00 crore. Net interest income grew 18% YoY to ₹2,092.00 crore, with NIM improving to 7.70%. Gross stage 3 loans increased to 2.56% from 1.93% YoY. The company maintained a strong capital adequacy ratio of 20.18% and expanded its customer base by 20.40% YoY to 20.1 million. Despite weak Q1 results, analysts from Emkay Global and InCred Equities maintain a positive outlook, projecting up to a 10% increase in stock price.

15Jul 25

HDB Financial Services Reports 14.7% YoY AUM Growth, Q1 Profit Dips Slightly

HDB Financial Services, a subsidiary of HDFC Bank, reported a 14.7% year-over-year growth in Assets Under Management (AUM) to ₹1.10 trillion for Q1 ended June 30. Total gross loans increased by 14.3% to ₹1,09,342.00 crore. Net interest income rose 18.3% to ₹2,092.00 crore. However, profit after tax decreased marginally by 2.4% to ₹568.00 crore. Gross Stage 3 loans increased to 2.56% from 1.93% year-ago. The company maintained a strong capital position with a Capital Adequacy Ratio of 20.18%. Its distribution network expanded to 1,771 branches across 1,166 cities, with the customer base growing by 20.4% year-over-year to 20.1 million.

15Jul 25

HDB Financial Services Reports 2.4% Dip in Q1 Profit and Increase in Gross Stage 3 Loans

HDB Financial Services, HDFC Bank's NBFC subsidiary, reported a 2.4% year-on-year decline in Q1 net profit to Rs 568.00 crore. However, net interest income increased by 18% to Rs 2,092.00 crore, and total income rose 15% to Rs 4,465.00 crore. The company's Gross Stage 3 loans increased to 2.56% from 2.26% in the previous quarter. This marks the company's first quarterly results since its successful IPO, which was oversubscribed 17.65 times. Emkay Global has initiated coverage with a 'Buy' rating and a target price of Rs 900.00.