HDFC edges higher on teaming up with Accenture to digitally transform lending business
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Housing Development Finance Corporation is currently trading at Rs. 2279.95, up by 1.85 points or 0.08% from its previous closing of Rs. 2278.10 on the BSE.
The scrip opened at Rs. 2262.00 and has touched a high and low of Rs. 2288.00 and Rs. 2256.60 respectively. So far 34833 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2046.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 2387.90 and Rs. 2256.60 respectively. The current market cap of the company is Rs. 414134.73 crore.
The Institutions and Non-Institutions held 88.32% and 11.69% stake in the company respectively.
Housing Development Finance Corporation (HDFC) has teamed up with Accenture to digitally transform its lending business. The transformation exercise is aimed at making the mortgage financier's lending lifecycle paper-less and agile.
The collaboration -- powered by cloud-native applications, machine learning, automation, and advanced analytics -- will revamp the HDFC’s customer experience and business processes to provide greater operational agility and efficiency, and drive business growth. The platform includes a user-friendly mobile application and a web-based portal for customers.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
