Company Announcements

Ref. No.: SE/2020-21/115

August 2, 2020

BSE Limited                                                                National Stock Exchange of India Limited

P. J. Towers                                                                 Exchange Plaza, Plot No. C/1, G Block

Dalal Street                                                                  Bandra-Kurla Complex

Mumbai 400 001                                                         Bandra (East), Mumbai 400 051

Kind Attn: Sr. General Manager                                              Kind Attn: Head - Listing

DCS - Listing Department

Dear Sirs,

Sub:     Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following as an update on the impact of COVID-19 pandemic on the Corporation:

Individual loan disbursements

·    The Corporation in its press release dated July 30, 2020 indicated that there has been successive month-on-month improvements in the individual loan business since April 2020, with June 2020 disbursements being 68% of the corresponding month in the previous year and the increasing trend continuing in the month of July 2020.

·    Accordingly, in the month of July 2020, individual loan disbursements were 81% of the individual loans disbursed in the corresponding month of the previous year i.e. July 2019.

·    Individual disbursements in the month of July 2020 grew 18% over June 2020.

Non-Individual Loans under Moratorium 2 as of June 30, 2020

To reiterate,

·    Individual loans under Moratorium 2 accounted for 16.6% of the individual loan portfolio on assets under management basis. 22.4% of total loans under management opted for Moratorium 2.

·    Non-individual loans under Moratorium 2 accounted for 39.2% of the non-individual loans

-    Of the above, 28.3% have continued to make part/full payment of interest during the moratorium period.

-    Of the non-individual loans that have opted for moratorium 2, only the balance 10.9% has not made any payment during the moratorium period.

-    Repayments of construction finance and lease rental discounting loans are through escrow accounts, wherein payments are directly transferred to the Corporation.

We request you to bring the above to the notice of all concerned.

Thank you.

Yours faithfully,

For Housing Development Finance Corporation Ltd.

Ajay Agarwal

Company Secretary

cc:        London Stock Exchange

            10, Paternoster Square, London EC4M 7LS