Housing Development Finance Corporation (HDFC) on Friday said it’s far elevating $four hundred million through a loan from the International Finance Corporation for financing inexperienced housing affordable segment.
HDFC will use 75% of the loan proceeds for financing low-cost green initiatives. The company will set a lending framework for such loans with strict standards for green buildings, a assertion said. On an property underneath control (AUM) foundation, the employer’s individual mortgage e-book, which constitutes 81% of overall AUM, grew 20% YoY. HDFC’s overall AUM stood at Rs 6.Nine trillion as of September 30.
HDFC in November had raised Rs 5,500 crore through non-convertible debentures at a coupon charge of seven.70% in keeping with yr. The agency’s capital adequacy stood at 22.5% as of September 30 with tier-I capital at 21.9%.