HDB Financial Q2 profit dips amid rising provisions
HDB Financial Services, the lending arm of HDFC Bank, reported a modest 1.6% year-on-year dip in net profit to ₹581 crore for the September quarter, as higher provisions for stressed loans weighed on earnings. Analysts, however, remain optimistic about the company's long-term prospects, citing steady business growth, a strong capital position, and expanding digital lending initiatives.