India's HDB Financial drops after Q1 profit fall

HDB Financial Services

16/07/2025 05:10

** Shares of HDB Financial Services HDBF.NS falls 2% to 823.4 rupees, lowest since its listing earlier this month

** Non-bank lender reports lower Q1 profit, hurt by higher provisions for bad loans

** Loan losses and provisions for three months ended June 30 jumped 63% year-on-year

** Stock down 1.4% from its debut early this month

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))