HDB Financial Services raised ₹505 crore through NCDs; shares end in red

HDB Financial Services' share price closed 2.3%, despite the company announcing a fresh fund raise on Monday. The shares plunged amid broader market selloff, owing to weak global market cues.

HDB Financial Services (HDBFS) has raised ₹505 crore through the allotment of 50,500 Secured Redeemable Non-Convertible Debentures (NCDs) of face value of ₹1,00,000 each on a private placement basis. The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Debenture Allotment Committee of the Company has, at its meeting held on June 08, 2026, allotted the same.

The NCDs will be issued in two separate tranches, and ₹300 crore will be raised with an investment tenue or 1,822 days (5 years) with a coupon rate of 8.28%. The other ₹205 crores will be raised with an investment tenure of 1,061 days with a coupon rate of 7.75%.

Earlier in May, the company also raised ₹300 crore through NCDs. The company’s exchange filing on May 18, 2026, said. HDB Financial Services has raised ₹300 crore through Secured Redeemable Non-Convertible Debentures (NCDs). The Debenture Allotment Committee of the company at its meeting held on May 18, 2026, has allotted 30,000 NCDs of face value of ₹1,00,000 each on a private placement basis.

The NCDs carry a T-Bill Linked Floating rate with Quarterly reset and have an Initial Coupon rate of 7.3517%. The NCDs have a tenure of 1096 days and will mature on May 18, 2029.

In the Q4FY26, the company posted a disbursement growth of 11% Q0Q at ₹19,922 crore. However, the gross loan book stood at ₹1.18 lakh crore, up 3.4% sequentially.

Similarly, the asset quality during the quarter improved to 2.44% at the GNPA level vs 2.81 in Q3FY26. On the other hand, the net-interest margins also improved to 8.2% vs 8.09% QoQ and 7.55% in the previous year’s same quarter. The net interest income for the quarter jumped 21% YoY to ₹2,399 crore.

HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Individual & Business Clients.