HDB Financial Services is one of the leading diversified retail-focused NBFC with an AUM of Rs.1,073bn as of FY25. With a strong parentage of HDFC Bank, the non-bank lender primarily offers loans under 3 main verticals--Enterprise lending, Asset Finance and Consumer Finance. The company had 1,771 branches as of FY25, with over 80% of the branches outside India's 20 largest cities and over 70% are located in tier 4+ towns. Secured loans formed ~73% of the total gross loan portfolio of the company. The company primarily caters to underserved and underbanked customers in low to middle-income households...