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Sify Digital Services Limited: Ratings reaffirmed 05 Feb 2026

Jammu Smart Metering Private Limited: [ICRA]AA- (Stable); assigned 05 Feb 2026

Genus Marudhara Smart Metering SPV Private Limited: [ICRA]AA- (Stable); Assigned 05 Feb 2026
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Key Indian sectors to benefit significantly from FTA, given EU’s role as a major trading partner 04 Feb 2026

16th FC: Several economically stronger states to benefit from change in their inter-se share, despite retention of tax devolution at 41% 03 Feb 2026

Union Budget 2026-2027 01 Feb 2026
Most Trending Reports

NBFC -Retail assets under management to cross Rs. 30 lakh crore by FY2027 30 Jan 2026

Growth spurt continues in December, channel inventory down too 23 Jan 2026

Bank credit growth picked up sharply, while high bond yields limited the rise in bond issuances in Q3 FY2026; trend remains monitorable in Q4 FY2026 29 Jan 2026
Credit Perspective
About Credit Perspective Reports

ICRA industry research provides unique research offering for 60+ sectors in India wherein 250+ Ratings analysts
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Special Comments

Key Indian sectors to benefit significantly from FTA, given EU’s role as a major trading partner 04 Feb 2026

16th FC: Several economically stronger states to benefit from change in their inter-se share, despite retention of tax devolution at 41% 03 Feb 2026

Union Budget 2026-2027 01 Feb 2026
Most Trending Research

NBFC -Retail assets under management to cross Rs. 30 lakh crore by FY2027 30 Jan 2026

Growth spurt continues in December, channel inventory down too 23 Jan 2026

Bank credit growth picked up sharply, while high bond yields limited the rise in bond issuances in Q3 FY2026; trend remains monitorable in Q4 FY2026 29 Jan 2026
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Beyond the GST Boost: Can India’s Auto Demand Sustain Its Momentum? 11 Feb 2026 04:00 PM
What's in the news?

Budget math appears relatively credible - The Hindu Business Line 02 February 2026

In focus: MSMEs manufacturing - Business Standard 02 February 2026

OPINION Economic Survey shines the light on growth in times of external uncertainty - Moneycontrol 30 January 2026
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HDB FINANCIAL SERVICES LIMITED

Sector : Finance Sub Sectors : Non Banking Financial Company (NBFC)

04 Feb 2026 HDB FINANCIAL SERVICES LIMITED: HDB FINANCIAL SERVICES LIMITED-CPR-04022026

Home Credit Perspective Reports HDB FINANCIAL SERVICES LIMITED

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Entity-Specific Rating Rationales

03 Feb 2026

HDB Financial Services Limited: Provisional [ICRA]AAA(SO) assigned to Series A PTC backed by vehicle loan receivables issued by HORIZON TRUST JANUARY 2026

HDB Financial Services Limited: Provisional [ICRA]AAA(SO) assigned to Series A PTC backed by vehicle loan receivables issued by HORIZON TRUST JANUARY 2026

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Entity-Specific Credit Perspective Reports

04 Feb 2026

HDB FINANCIAL SERVICES LIMITED

HDB FINANCIAL SERVICES LIMITED (SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Series A PTC	--	--	Provisional [ICRA]AAA (SO)	--

Our Analysts

Analyst 1

Abhishek Jena

022-61143432
abhishek.jena@icraindia.com

Analyst 2

Gaurav Mashalkar

+91 22 61143431
gaurav.mashalkar@icraindia.com

Sector Head

Manushree Sagar

9810290745
manushrees@icraindia.com

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Beyond the GST Boost: Can India’s Auto Demand Sustain Its Momentum?

Jitin Makkar,Srikumar Krishnamurthy

11 Feb 2026 04:00 PM

Register now 5 days Left

Union Budget FY2027

K. Ravichandran, Aditi Nayar, Karthik Srinivasan

02 Feb 2026 04:00 PM

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PPT

ICRA Webinar on the Indian Hospital Industry

Jitin Makkar

21 Jan 2026 04:00 PM

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Budget FY2027 | Healthcare and Pharma Sector Expectations | ICRA Podcast by Kinjal Shah

Jan 2026

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