REG - Housing Dev Fin Corp - Updates pertaining to financial results-Mar 2017 <Origin Href="QuoteRef">HDFC.NS</Origin>

Housing Development FinanceAnnouncement

03/04/2017 15:21

RNS Number : 4175B
Housing Development Fin. Corp. Ltd.
03 April 2017
Ref. No.: SE/2017-18/1
April 3, 2017
BSE Limited National Stock Exchange of India Limited
P. J. Towers Exchange Plaza, 5th Floor, Plot No. C/1
Dalal Street G Block, Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Kind Attn: Sr. General Manager Kind Attn: Head - Listing 
DCS - Listing Department
 
Dear Sirs,
Sub: Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following:
1) The Profit on Sale of Investments for the quarter ended March 31, 2017 was ` 49 crore. In the corresponding quarter of the previous year, the Profit on Sale of Investments stood at ` 1,520 crore, of which profit on sale of shares of HDFC Standard Life Insurance Company Limited to Standard Life (Mauritius Holdings) 2006 Limited was ` 1,513 crore. 
2) Income from dividend for the quarter ended March 31, 2017 was ` 223 crore compared to ` 192 crore in the corresponding period of the previous year. 
3) Individual Housing Loans assigned/securitised
For the quarter ended March 31, 2017
a. During the quarter ended March 31, 2017, the Corporation assigned loans amounting to ` 4,555 crore (Previous Year - ` 4,799 crore) to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.
b. In addition, during the quarter loans amounting to ` 1,070 crore (Previous Year - Nil) was assigned to another bank. In respect of these loans, the residual income on these loans to the Corporation is 2.96% per annum.
For the 12 months ended March 31, 2017
c. Loans sold in the preceding twelve months amounted to ` 16,027 crore compared to ` 12,773 crore in the previous year. Loans assigned to HDFC Bank amounted to ` 13,146crore (Previous Year - ` 12,773 crore).
d. Loans assigned/ securitised to other banks amounted to ` 2,881 crore (Previous Year - Nil). In respect of the loans assigned/securitised during the year to banks other than HDFC Bank, the residual income on these loans to the Corporation is 2.36% per annum. 
e. The residual income on these loans is being recognised over the life of the underlying loans and not on an upfront basis.
Kindly note that the above figures are subject to audit by the statutory auditors of the Corporation. 
We request you to bring the above to the notice of all concerned. Kindly acknowledge receipt.
Thank you.
Yours faithfully,
For Housing Development Finance Corporation Ltd.
Ajay Agarwal
Company Secretary
cc:  London Stock Exchange,
 10, Paternoster Square, London, EC4M 7LS 

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