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Home » Tag Archives: SBI ups ante against HDFC in loan war

Tag Archives: SBI ups ante against HDFC in loan war

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 »

SBI ups ante against HDFC in loan war

Sometime in 2010, the State Bank of India (SBI) refused a few hundred-crore-rupee loan to HDFC to go through despite the latter being a bluechip borrower from the bank. SBI had perfectly valid reasons: The loan would have been used by HDFC to finance a small part of its housing finance business. The fly in the ointment was that SBI ... Read More »