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Home » Tag Archives: HDFC shares fall after NHB asks to set aside more funds

Tag Archives: HDFC shares fall after NHB asks to set aside more funds

HDFC shares fall after NHB asks to set aside more funds

Shares of Housing Finance Development Corp (HDFC) fell 3% to 659.70 on Friday on news the National Housing Bank ( NHB )) has asked housing finance companies to set aside more funds for less riskier retail home loan portfolio. The move could impact earnings of housing finance companies, including HDFC. Analysts said HDFC would have to make an additional provisioning ... Read More »