to a question on the plans to list its life insurance business, he said the company will take a call after the new Insurance Bill is passed by Parliament.
On his expectations from the RBI on January 29, Mistry said the RBI is likely to cut the repo rate by 25 basis points (0.25 per cent), which may be followed up in the next policy review in March.
He also said he does not expect a CRR (cash reserve ratio) cut on January 29.
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HDFC Q3 net profit up 16%, misses forecast
(Reuters): Housing Development Finance Corp (HDFC), India's biggest mortgage lender, reported a 16 percent rise in net profit for the Oct-Dec quarter on Monday, missing market estimates.
Standalone net profit for the fiscal third quarter was 11.4 billion rupees ($211.84 million) compared with 9.81 billion rupees a year ago.
Total income rose 17 percent to 52.42 billion rupees over the same period.
Analysts expected HDFC to post a net profit of 11.96 billion rupees, according to Thomson Reuters.