Mortgage firm HDFC Ltd has grown its disbursements in the individual loan category by 26% during the third quarter ended December 2020.

The individual loan business continued to see improvements during the December quarter, HDFC Ltd said in a regulatory filing.

"Disbursement growth over the corresponding quarter of the previous year was 26%. For the nine months ended 31 December 2020, individual loan disbursements stood at 86% of the levels in the corresponding period of the previous year," it said.

During the quarter ended 31 December 2020, the profit on sale of investments was Rs 157 crore, it said, adding this was on account of the sale of 25,48,750 equity shares of HDFC Life Insurance Company Limited (HDFC Life).

HDFC’s shareholding in HDFC Life now stands at 49.99%. This has met the RBI''s mandate of reducing its shareholding in HDFC Life to 50% or below by 16 December 2020, it added