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The Board of Directors of GRUH Finance Ltd. (GRUH) – a subsidiary of HDFC Ltd. – has approved the accounts for the half year ended September 30, 2014 at their meeting held in Mumbai on October 15, 2014.


Profit after tax for the period amounted to Rs. 85.00 crores as compared to Rs. 68.12 crores for the previous year – an increase of 25%.

Loan Portfolio

The loan portfolio as at September 30, 2014 amounted to Rs. 7910.15 crores as against Rs. 6142.90 crores in the previous year – an increase of 29%.


Loan Disbursements

Loan disbursements during the period were Rs. 1503.15 crores as against Rs. 1197.15 crores in the previous year indicating a growth of 26%.

Cumulative loan disbursements as of September 30, 2014 were Rs. 13597.40 crores. 

Non-Performing Loans

The gross NPA as at September 30, 2014 stands at Rs 30.40 crores or 0.38%(total loan outstanding portfolio of Rs. 7910.15 crores).

GRUH is required to carry a provision of Rs. 9.98 crore towards NPAs and Rs. 34.67 crore towards standard assets as per the guidelines of NHB. However, GRUH is carrying total provisions of Rs. 65.31 crores on its Balance Sheet. As a result, Net NPA as at September 30, 2014 stands at Rs. NIL indicating Net NPA to loans of NIL.


GRUH’s deposit portfolio has increased to Rs. 1186.46 crores, up from Rs. 834.11 crores as at September 30, 2013 indicating a growth of 42%. GRUH’s Fixed Deposit programme is rated “AAA” by CRISIL and ICRA. The rating of “AAA” indicates that the degree of safety of repayment and principal is Very Strong.

GRUH’s Short Term borrowings including Commercial Paper (CP) and short term NCD’s is rated “A1(+)” by CRISIL and ICRA and Long Term Debt and Sub Ordinate Debt programmes are rated “AA+” by CRISIL and ICRA.


GRUH has a network of 148 retail offices across 7 states of the country. GRUH has 43 offices in Gujarat, 43 offices in Maharashtra, 17 offices in Karnataka, 22 offices in Madhya Pradesh, 10 offices in Rajasthan, 7 offices in Chhattisgarh and 6 offices in Tamil Nadu.

Highlights of Operational Performance                                                                                                                                   (Rs. in crore)

Detail Sept 30, 2014 Sept 30, 2013 Growth (%)
Net Interest Margin 159.52 124.87 27.75
Non Interest Expenses 33.32 29.20 14.12
Operating Profit 142.47 107.92 32.01
Profit After Tax 85.00 68.12 24.78
Disbursements 1503.15 1197.15 25.56
Loan Assets 7910.15 6142.90 28.77

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