HDB Financial awaits parent’s approval to begin IPO journey
HDB Financial services, the non-banking financing arm of HDFC Bank, is awaiting the signal from its parent to begin the listing process. The lender also has plans to open nearly 200 branches in the current fiscal year as it aims to grow its loan book.
“We are ready; it’s just that when we will be asked to, the parent decides something – this is one of those,” said Rohit Patwardhan, chief credit officer at HDB Financial Services. “It (IPO) is still in early stages but from a readiness standpoint since we are debt listed as far as compliance, documentation and reporting are concerned, we are there.”
