HDB Financial’s potential gives it the credentials

city Macquarie markets COST UPS IPO reports

10.01.2025 - 01:23

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economictimes.indiatimes.com:

Financial Services, the non-bank lending arm of HDFC Bank, is expected to soon launch a Rs 12,000-crore IPO. According to a report by Macquarie Capital, while the non-bank lender commands valuations similar to Bajaj Finance in the unlisted markets, its return on assets is 30% lower than Bajaj Finance.
The company is a good bet based on its potential for an improvement in return on assets driven by margin expansion, and lower credit costs given its best-in-class underwriting standards, says the brokerage.

ET takes a look at HDB’s assets under management (AUM) mix, cost of funds, net interest margins and how it stacks up against its peers.

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