HDFC’s (CMP: Rs 1,811, MCAP: 314,137 crore) net profit declined by 5 percent over a year ago to Rs 3,052 crore in the first quarter of FY21. Its performance was adversely impacted by national lockdowns owing to COVID-19. Also, its net profit is not directly comparable over the year ago figure due to one-time transactions and exceptional items. Assets under management (AUM) of non-banking finance companies (NBFCs) are expected to de-grow for the first time in nearly two decades in...
Moneycontrol Pro Panorama | Banking crisis in US and Europe holds valuable lessons
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