Haryana Financial Corporation Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 240
Rank 253
Rank 293
Dividend Yield
Rank 73
Rank 644
Price To Book Ratio
Rank 193
Debt To Asset
Rank 293

Company Information

Haryana Financial Corporation HFC is a premier statelevel institution which was established in 1967 after the reorganisation of the erstwhile Punjab Financial Corporation. The company was promoted jointly by the Government of Haryana and the Industrial Development Bank of India.HFC has been approved by SEBI as a categoryI merchant banker. It is also ranked as categoryA statelevel financial institution by IDBI. The corporations activities include merchant banking investment banking trade finance lease finance and term lending. Based on its track record the corporation was the first statelevel financial institution to go public in 1995. The corporation is also the first state financial corporation holding OTCEI membership.During 1995 the company diversified its range of financial services to include nonfundbased assistance in the form of guarantees letters of credit and forex services.In 19991999 there was reduction in profits due to low spread available because of downward revision in lending rates and rebate in interest rates to good borrowers and high cost of funds. Hence to improve liquidity position and reduced dependence on larger debts the company gave top priority to the recovery of its dues.
OrganisationHaryana Financial Corporation Ltd