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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The private sector lender must, perforce, list HDB Financial Services by September 2025. Besides a time crunch, it has to contend with an RBI proposal that could put paid to its valuation hopes—all in the midst of battling crises within.
HDFC Bank just can’t seem to catch a break. Its consumer lending subsidiary is the latest addition to its long list of problems.
HDB Financial Services, a non-banking financial company, needs to get publicly listed. And, the country’s largest private sector lender has less than 11 months to get it done.
The urgency is courtesy of a Reserve Bank of India classification, in October 2021, of NBFCs based on their scale. HDB Financial Services found itself among the 15 largest shadow banks in India (in a subsequent list put out by the central bank in September 2022), which meant that …
Aggressive expansion, continued dependence on its parent for business, and an adverse shift in the product mix weigh on profitability as well as investor sentiment.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
