HDFC, Housing finance major to fund its growing business requirements will seek its shareholders' consent for an increase in the borrowing limit to Rs 2,00,000 crore at its upcoming Annual General Meeting (AGM) scheduled on July 8, 2011.
Presently the borrowing limit of the country's biggest home loan provider is capped at Rs 1,50,000 crore and the company is looking to increase this limit by Rs 50,000 crore. The total borrowings of the corporation amounted to Rs 1,15,410.48 crore, as on March 31, 2011,
HDFC registered profit after tax of Rs 3,534.96 crore for the year ended March 31, 2011, up from Rs 2,826.49 crore in the previous fiscal. Its loan disbursements grew 20% to Rs 60,314 crore in 2010-11, while loan approvals rose by 24% to Rs 75,185 crore.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 581.30 |
| Housing & Urban Dev. | 232.30 |
| Bajaj Housing Financ | 87.55 |
| Piramal Finance | 2017.85 |
| PNB Housing Finance | 1090.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: