HDFC or Housing Development and Finance Corporation – the parent company of HDFC Bank and HDFC Life Insurance registered a 27% growth in Profit after taxes.
HDFC digested in an additional Rs. 500 crore in Premium Income while its income from other business operations brought in an additional 230 crore compared to the same quarter of the previous year.
All the segments grew in double digits led by with the Loans business leading the charge with a growth of 19.46% at Rs. 8,828 crore with the laggard being Asset management (portfolio management, mutual fund business) which grew by just 19 crore.
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