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HDFC’s particular person mortgage disbursements rise 26 laptop in December quarter

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New Delhi: Mortgage agency HDFC Ltd on Monday stated its disbursements within the particular person mortgage class have grown by 26 per cent in the course of the third quarter ended December 2020. The particular person mortgage enterprise continued to see enhancements in the course of the December quarter, HDFC Ltd stated in a regulatory submitting.

“Disbursement growth over the corresponding quarter of the previous year was 26 per cent. For the nine months ended December 31, 2020, individual loan disbursements stood at 86 per cent of the levels in the corresponding period of the previous year,” it stated.

During the quarter ended December 31, 2020, the revenue on sale of investments was Rs 157 crore, it stated, including this was on account of the sale of 25,48,750 fairness shares of HDFC Life Insurance Company Limited (HDFC Life).

HDFC’s shareholding in HDFC Life now stands at 49.99 per cent. This has met the RBI’s mandate of decreasing its shareholding in HDFC Life to 50 per cent or under by December 16, 2020, it added.

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