India’s Housing Development Finance Corporation (HDFC) adopts Bloomberg MARS Valuations to Digitize Treasury Operations | Press

Mumbai: Bloomberg today announced that Housing Development Finance Corporation (HDFC), India’s leading housing loans provider, has adopted its MARS Valuations solution to augment the bank’s  treasury digitization journey.

MARS Valuations is an advanced enterprise solution that provides credible and complete valuations for derivative portfolios. It has comprehensive asset class coverage that encompasses a broad spectrum of financial instruments, including cash products, exchange-traded and over-the-counter derivatives, and structured products. MARS Valuations is built on a comprehensive quantitative library that delivers valuation for cross-asset cash and derivatives products.

Srinivasan Rangan, Executive Director, HDFC Limited said: “Using Bloomberg’s MARS Valuations product will help us accelerate our digitization journey as it provides comprehensive, reliable real time data and valuation across a wide range of financial instruments and markets. We look forward to increased efficiencies as the product will enable greater streamlining of processes and workflows,”

By adopting MARS Valuations, HDFC can feed reliable market and valuation data from Bloomberg into its systems and automate workflows across its front and back-office teams. The solution will also reduce the need for manual data entries and ensure data consistency and transparency between the front and back office.

Rajiv Mirwani, Head of Enterprise Sales for South Asia at Bloomberg, said: “We are pleased to partner with HDFC as they continue to digitize their treasury operations . With a broad asset class coverage, a high-quality pricing library that offers a range of models and an automated enterprise workflow that streamlines the entire reporting process, MARS Valuations delivers a powerful, versatile and highly intuitive experience across a firm’s multi-asset investment workflow”.

MARS Valuations are part of Bloomberg’s Multi Asset Risk System (MARS), a comprehensive suite of risk management solutions. MARS, which is delivered on the Bloomberg Terminal and via APIs, provides risk analytics for cash and derivatives securities, from vanilla to complex and cash structured products. Bloomberg Risk solutions cover all traders and portfolio managers’ front-office needs across market risk, XVA, credit risk, collateral and SIMM among others, which are built on a common pricing library to provide consistency across client workflows.

To find out more about Bloomberg’s multi-asset risk solutions, please visit here.

About HDFC:
HDFC the pioneer of retail housing finance in India has assisted over 9.5 million families to own their house and continues to be one of the largest originators of housing loans in the country. As at June 30, 2022, HDFC Ltd has a gross loan book of ₹ 6.7 trillion. HDFC’s excellent brand strength emerges from its unrelenting focus on corporate governance, its high standards of ethics and clarity of vision. HDFC has been described as a model housing finance company providing technical assistance and consultancy assignments for developing countries across Asia, Africa and East Europe. Over the years, HDFC has emerged as a strong financial conglomerate with presence in banking, life and non-life insurance, asset management, real estate fund and education finance.

About Bloomberg:
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

Media Contact:
Aniruddha Ghosh
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