Housing finance firms gain as much as 9.3% on RBI move
9 years, 5 months ago

Housing finance firms gain as much as 9.3% on RBI move

Firstpost  

The RBI’s decision comes in the wake of all the major banks reducing interest rate on home loans. Mumbai: Shares of housing finance companies gained as much as 9.3 percent after the RBI said that banks can now provide loans up to 90 per cent for properties that cost Rs 30 lakh or below. Consequently, GIC Housing Finance surged 9.24 percent, Dewan Housing Finance Corporation gained 4.68 percent, LIC Housing Finance was up 3.95 percent and Housing Development Finance Corporation rose by 1.57 percent on BSE. The Reserve Bank through a circular yesterday said in the case of ‘individual housing loans’ falling under the loan category of up to Rs 30 lakh, the LTV ratio is now up to 90 percent.

Finance Housing Rbi Lakh Rs 30 Lakh  wake  comes  properties  rbi  lakh  gain  rs  housing  banks  75  30  finance  93  firms

History of this topic

Individual housing loans outstanding grow 14% to ₹33.53 lakh crore in Q2FY24, MIG segment leads with 44% share: NHB
2 weeks, 1 day ago

Individual housing loans outstanding grow 14% to ₹33.53 lakh crore in Q2FY24, MIG segment leads with 44% share: NHB

Hindustan Times  

Housing loans outstanding reached ₹33.53 lakh crore by the end of September, marking a 14% year-on-year growth, with the Middle-Income Group segment accounting for the maximum credit at 44%. Housing loans outstanding reached ₹ 33.53 lakh crore by the end of September, marking a 14% year-on-year growth, with the Middle-Income Group segment accounting for the maximum credit at 44%. "As …

RBI’s 25bps rate cut may have limited direct impact, more needed to boost housing demand: CREDAI
1 month, 2 weeks ago

RBI’s 25bps rate cut may have limited direct impact, more needed to boost housing demand: CREDAI

Live Mint  

New Delhi, Feb 7 Realtors' apex body CREDAI on Friday said the RBI's decision to cut benchmark lending rate by 25 basis points might have "limited direct impact" and sought further reduction in the next monetary policy meet for "stronger impetus" to housing demand. Commenting on the monetary policy announcement, CREDAI National President Boman Irani said, "The RBI's decision to …

Multiples-backed Vastu Housing Finance looks to deepen presence beyond metros ahead of IPO
1 month, 3 weeks ago

Multiples-backed Vastu Housing Finance looks to deepen presence beyond metros ahead of IPO

Live Mint  

BENGALURU : Vastu Housing Finance, which secured several rounds of funding last year, plans to deepen its presence in existing markets and enter new segments before it starts preparing for a public listing, co-founder Sandeep Menon told Mint in an interview. According to Manushree Saggar, senior vice president & sector head of the financial sector ratings at ICRA, the affordable …

RBI takes control of Aviom India Housing’s board on governance concerns
2 months ago

RBI takes control of Aviom India Housing’s board on governance concerns

Live Mint  

The Reserve Bank of India on Monday superseded the board of affordable housing financier Aviom India Housing Finance Pvt. The statement from 22 November said that Aviom India Housing Finance was made aware of fraud within the company and had filed a complaint with the Economic Offences Wing. RBI also said it intends to shortly initiate the process of resolution …

LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date
2 months, 1 week ago

LIC Housing Finance Q3 Update: India’s largest HFC to declare Oct-Dec quarter results on THIS date

Live Mint  

LIC Housing Finance Q3 Update: LIC Housing Finance announced on Monday, January 20, that it will conduct its board meeting with the directors on Friday, January 31, 2025, at 2:30 pm to consider and declare its upcoming October-December quarter results for the current fiscal 2024-25. “We hereby give you notice of the meeting of the Board of Directors of the …

Housing Finance stock jumps 8% after strong Q3FY25 business update
2 months, 1 week ago

Housing Finance stock jumps 8% after strong Q3FY25 business update

Live Mint  

Housing Finance company Sammaan Capital, formerly Indiabulls Housing Finance Limited, saw its share price jumped around 8.32 per cent on Thursday's trading session after the company posted a strong Q3 business update for FY25. Key Highlights from Sammaan Capital Q3 business update - A premium project in Central Mumbai received occupation certificate and sold 5 apartments at an average of …

Explained: Why Bajaj Housing Finance shares fell 5% in early trade
3 months, 2 weeks ago

Explained: Why Bajaj Housing Finance shares fell 5% in early trade

India Today  

Shares of Bajaj Housing Finance fell nearly 5% in early trade on Thursday. The shares of Bajaj Housing Finance are currently trading at Rs 141, which is over 100% above their issue price of Rs 70. The one-month lock-in period for anchor investors of the Bajaj group’s housing finance arm ended on October 6, making 2% of the equity available …

Home loans may become more affordable and boost the real estate sector, experts say
3 months, 3 weeks ago

Home loans may become more affordable and boost the real estate sector, experts say

Hindustan Times  

The Reserve Bank of India's December 2024 monetary policy decision will make home loans cheaper and benefit India's real estate sector, according to several industry experts. The central bank's monetary policy committee decided to keep the repo rate unchanged at 6.5% for the 11th consecutive time, but slashed the cash reserve ratio by 50 basis points, bringing it down to …

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden
3 months, 3 weeks ago

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden

Live Mint  

With the Reserve Bank of India keeping its key interest rate unchanged, real estate experts and developers have stressed the need to lower the rate, citing the need to stimulate sluggish sales and ease the growing burden of borrowing costs. “At this point, a rate cut would be more beneficial for consumers," said Shishir Baijal, chairman and managing director of …

RBI MPC Dec 2024: Panel Keeps Key Rates Unchanged, Borrowers To Benefit From Stability In Home Loans, EMIs
3 months, 3 weeks ago

RBI MPC Dec 2024: Panel Keeps Key Rates Unchanged, Borrowers To Benefit From Stability In Home Loans, EMIs

ABP News  

RBI MPC Dec 2024: The Reserve Bank of India ’s Monetary Policy Committee met this week and decided to keep the key rates unchanged. Impact On Home Loans, EMIs, And Real Estate This stability in the key rates would also translate into relief and steadiness for the homeowners. This continuity provides a stable environment for the real estate sector, enabling …

Bajaj Housing to Grow Construction Finance to 16% of AUM
5 months ago

Bajaj Housing to Grow Construction Finance to 16% of AUM

Live Mint  

Bajaj Housing Finance aims to increase its construction finance business to 16% of its AUM, with a focus on taking this share to around 16% of the product mix. The lender is bullish on the lease rental discounting (LRD) business and plans to continue to grow it at a steady pace. The bulk of Bajaj Housing's loan against property (LAP) …

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO
Top News
5 months ago

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO

News 18  

Bajaj Housing Finance reports a significant increase in its net profit to Rs 546 crore for the Q2 FY25, compared to Rs 451 crore a year ago. The company raised Rs 6,560 crore through an IPO in September 2024, which helped boost its AUM to Rs 1.03 lakh crore. Despite a slight decline in the net profit margin, the company's …

Bajaj Housing Finance lists with a bang: Should investors hold it long term or book profits?
6 months, 1 week ago

Bajaj Housing Finance lists with a bang: Should investors hold it long term or book profits?

Hindustan Times  

Bajaj Housing Finance made a remarkable debut on the BSE with its shares listing at ₹150, a premium of 114.2 per cent over the issue price of ₹70. Bajaj Housing Finance shares opened at ₹ 150, a significant premium over its IPO price. Shriram Subramanian, Founder and MD, InGovern Research Services, said, “As expected the Bajaj Housing Finance stock listed …

Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription
6 months, 2 weeks ago

Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription

The Hindu  

The ₹6,560-crore initial public offer of Bajaj Housing Finance got fully subscribed within hours of opening for bidding on Monday and ended the day with 2 times subscription. The initial share sale received bids for 1,46,58,24,030 shares against 72,75,75,756 shares on offer, reflecting 2.01 times subscription, as per NSE data. Bajaj Housing Finance on Friday said it has collected ₹1,758 …

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
9 months, 2 weeks ago

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

Business Standard  

Shares of housing finance companies mainly mid and small-sized were in focus and rallied up to 11 per cent in Tuesday’s intra-day trade after the Union Cabinet approved a government aid for constructing 30 million houses under the Pradhan Mantri Awas Yojana. Home First Finance Company, Aavas Financiers, GIC Housing Finance and Housing & Urban Development Corporation rallied over 7 …

RBI Begins First MPC Of FY 24-25: High-level Discussions Starts Today, What To Expect?
11 months, 3 weeks ago

RBI Begins First MPC Of FY 24-25: High-level Discussions Starts Today, What To Expect?

News 18  

The Reserve Bank of India’s Monetary Policy Committee is currently meeting, from April 3rd to 5th, 2024. The repo rate acts as a key tool for the MPC to achieve its monetary policy goals, primarily maintaining price stability and promoting economic growth. Here’s what to expect according to industry experts; Shishir Baijal, chairman and managing director, Knight Frank India, feels …

LIC Housing Fin to bank on affordable housing loans for credit growth, margins
1 year, 1 month ago

LIC Housing Fin to bank on affordable housing loans for credit growth, margins

Live Mint  

Mumbai: LIC Housing Finance has decided to focus on the affordable housing segment as it looks to accelerate loan growth and achieve better margins, a senior executive said on Monday. Tribhuwan Adhikari, managing director and chief executive of LIC Housing Finance, told reporters that the lender has so far not been very aggressive in the affordable segment, but now expects …

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets
1 year, 3 months ago

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets

ABP News  

The RBI’s Monetary Policy Committee on Friday announced after its bi-monthly review meeting that it has decided to keep the repo rates unchanged at 6.5 per cent. Overall, at the margin, policy seems to be positive for markets.” RBI Decision Helpful For Housing Market Another analyst, Anuj Puri, Chairman, Anarock Group, noted that the regulator opted to keep the rates …

Markets Mojo picks LIC Housing as ‘stock of the month’ for October; 6 reasons why
1 year, 5 months ago

Markets Mojo picks LIC Housing as ‘stock of the month’ for October; 6 reasons why

Live Mint  

After an over 41 percent surge between April and September, brokerage house Markets Mojo picked LIC Housing Finance as its top pick for the month of October. The management indicated that loan book growth could be at 12-15 percent in the current financial year as against 9 percent of FY2023, noted the brokerage. NIM: Despite LIC Housing Finance seeing its …

Star Housing Finance gains as rural home finance company posts robust Q3 numbers
2 years, 2 months ago

Star Housing Finance gains as rural home finance company posts robust Q3 numbers

India TV News  

Star Housing Finance Limited has reported robust Q3FY23 numbers post bonus and split. The company's net profit jumped 666 per cent to Rs 2.30 crore in the quarter ended December 2022 as against Rs 0.30 crore during the same quarter last fiscal. The rural home finance company's total income comprising of interest income and other income jumped 80 per cent …

LIC Housing Finance Raises Prime Lending Rates; Will Home Loan EMIs Get Costlier? Know Here
2 years, 6 months ago

LIC Housing Finance Raises Prime Lending Rates; Will Home Loan EMIs Get Costlier? Know Here

News 18  

Home loan provider LIC Housing Finance has increased its prime lending rate by 15 basis points to 15.95 per cent, with the new rates already coming into effect. With the LIC Housing Finance increasing its prime lending rate by 0.15 percentage points and the new interest rates on home loans will now start from 8 per cent as against 7.50 …

In Mumbai, puzzling demand for pricey homes
2 years, 7 months ago

In Mumbai, puzzling demand for pricey homes

Live Mint  

Housing units are selling like hot cakes in the key residential property market of Mumbai. Data compiled by property consultant Knight Frank India showed that Mumbai city saw 11,339 property sale registrations in July– the best in a decade for that particular month. “Home loan rates are rising and currently at around 7.5%, but still lower than 2019, stamp duty …

LIC Housing Finance Loans Get Costlier; Benchmark Prime Lending Rate Hiked
2 years, 9 months ago

LIC Housing Finance Loans Get Costlier; Benchmark Prime Lending Rate Hiked

News 18  

Joining the list of companies raising interest rates following the RBI’s decision to hike repo rate, LIC Housing Finance has increased its benchmark prime lending rate by 60 basis points, which is used in the pricing of home loans. In a borrower has a CIBIL score of 700 or above, the interest rate on home loans more than or equal …

RBI raises home loan limit for cooperative banks
2 years, 9 months ago

RBI raises home loan limit for cooperative banks

The Hindu  

Reserve Bank of India has decided to increased the existing limits on individual housing loans provided by cooperative banks, taking into account the rise in housing prices since the limits were last revised and considering customers’ needs for larger loans. Accordingly, the limits for tier 1/tier 2 urban cooperative banks stood revised from ₹30 lakh/ ₹70 lakh to ₹60 lakh/ …

RBI Raises Housing Loan Limits For Cooperative Banks; Urban Coops Allowed Doorstep Services
2 years, 9 months ago

RBI Raises Housing Loan Limits For Cooperative Banks; Urban Coops Allowed Doorstep Services

News 18  

The Reserve Bank of India on Wednesday increased the limits for individual housing loans being extended by urban cooperative banks and rural cooperative banks, by over 100 per cent. Ramesh Nair, CEO and MD of Colliers, said, “The RBI has clearly emphasised on the significant role cooperative banks can play in expanding higher credit flows into the housing sector while …

Govt extends weightage on housing loan. Top 5 takeaways for home loan borrowers
2 years, 11 months ago

Govt extends weightage on housing loan. Top 5 takeaways for home loan borrowers

Live Mint  

Housing loan in India: The Government of India has extended the lower risk weightage on housing loan by one year from 31st March 2022 to 31st March 2023. 3] Impact on home loan EMI: As the RBI has kept key rates unchanged, it simply mean that low home loan interest rate regime would continue further that means home loan borrowers …

Home Loan to Remain Cheaper: RBI Relaxes Loan-to-Value Rules till March-end Next Year
2 years, 11 months ago

Home Loan to Remain Cheaper: RBI Relaxes Loan-to-Value Rules till March-end Next Year

News 18  

In a move to make home loans cheaper, the Reserve Bank of India on Friday announced that it will rationalise the risk weights and link them to loan-to-value ratios for new home loans till March 31, 2023. Being a tangible asset and safe haven investment, people continue to invest in real estate.” “As home loans are likely to remain cheaper, …

An analysis of top Housing Finance Companies in India
2 years, 11 months ago

An analysis of top Housing Finance Companies in India

Live Mint  

The Indian housing finance market witnessed a decent rise in home loan outstanding of 16% from fiscal 2015 to 2020. Profitability 2021 2020 2019 2018 ROCE 8.05 10.2 9.56 8.96 ROE 9.67 14.48 10.12 9.51 ROA 1.74 2.46 1.66 1.38 EBIT Margin 33.44 46.87 45.94 43.65 Net Margin 9.75 15.20 10.59 8.99 Cash Profit Margin 10.01 15.44 10.72 9.17 During …

IFC lends USD 250 mn to HDFC to promote affordable green housing finance
3 years, 8 months ago

IFC lends USD 250 mn to HDFC to promote affordable green housing finance

Business Standard  

International Finance Corporation, a private sector investment arm of the World Bank Group, has decided to provide loan of USD 250 million to promote affordable green housing finance for low-income borrowers. "Green housing is largely regarded as a luxury market in the country, but given its climate benefits, IFC intends to challenge that perception and help boost green affordable housing …

LIC Housing Finance reduces home loan rates. Details here
3 years, 8 months ago

LIC Housing Finance reduces home loan rates. Details here

Live Mint  

Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to ₹50 lakh. The revised rates, valid till August 31, 2021, will be offered to new salaried individuals, a release said. We hope that this reduction in home loan interest rate will further boost customer confidence and help …

LIC Housing Finance needs a bad loan fix despite recovery in Q2
4 years, 4 months ago

LIC Housing Finance needs a bad loan fix despite recovery in Q2

Live Mint  

LIC Housing Finance Ltd’s September-quarter performance showed more trouble, but some recovery from the pandemic’s blow. LIC Housing Finance’s provisions fell 60% from a year ago, a sign that the lender does not see defaults increasing sharply in the coming quarters. “We would prefer to closely monitor the moratorium book falling on track, high-ticket developer loan resolution and meaningful improvement …

RBI Announces Steps to Boost Credit Flow to Real Estate Sector
4 years, 5 months ago

RBI Announces Steps to Boost Credit Flow to Real Estate Sector

News 18  

In a bid to increase flow of credit to the real estate sector, the Reserve Bank on Friday rationalised the risk weightage to LTV ratio for all new housing loans sanctioned up to March 31, 2022. As per a notification issued by the RBI, new housing loans will attract a risk weight of 35 per cent where LTV is less …

RBI gives relief to big ticket loans of above Rs 75 lakh
4 years, 5 months ago

RBI gives relief to big ticket loans of above Rs 75 lakh

Deccan Chronicle  

In a bid to boost demand for high value home purchases and thereby the housing sector, the Reserve Bank of India on Friday allowed banks to only consider the Loan to Value Ratio while setting the risk weights for new home loans. The latest announcement regarding the home loan risk weights has done away with the requirement of factoring in …

Home loans to become cheaper, thanks to RBI’s latest move
4 years, 5 months ago

Home loans to become cheaper, thanks to RBI’s latest move

Live Mint  

To make home loans cheaper, the Reserve Bank of India on Friday said that it will rationalise the risk weights and link them to Loan-to-Value ratios for new housing loans sanctioned up to March 31, 2022. “Recognising the criticality of real estate sector in the economic recovery, given its role in employment generation and the inter-linkages with other industries, it …

RBI rationalises risk weights on home loans; big boost for real estate sector
4 years, 5 months ago

RBI rationalises risk weights on home loans; big boost for real estate sector

Live Mint  

The Reserve Bank of India on Friday has announced that it will rationalise the risk weights and link home loans to Loan-to-Value ratios for new housing loans sanctioned up to March 31, 2022. "In recognition of the role of the real estate sector in generating employment and economic activity, it has been decided to rationalise the risk weights and link …

RBI tweaks risk-weight norms to help high-value housing loans
4 years, 5 months ago

RBI tweaks risk-weight norms to help high-value housing loans

Live Mint  

MUMBAI: The Reserve Bank of India on Friday tweaked the risk-weight norms for retail housing loans, a move that reduces the amount of capital banks need to hold against large-ticket loans. “Recognising the criticality of real estate sector in the economic recovery, given its role in employment generation and the interlinkages with other industries, it has been decided, as a …

Property market set for modest lift from government measures: Analysts
5 years, 4 months ago

Property market set for modest lift from government measures: Analysts

Live Mint  

India's housing market, burdened with unfinished projects as developers struggle to get cash, is forecast to rebound modestly over the coming year on government plans to unclog the market, a Reuters poll of analysts found. Financing options, including banks and non-banking financial companies, have dried out and investors prefer commercial real estate," said Anuj Puri, chairman of ANAROCK Property Consultants, …

Know How to Get More Benefits from Revised Home Loan Interest Rates
5 years, 4 months ago

Know How to Get More Benefits from Revised Home Loan Interest Rates

India TV News  

As per the fresh rules mandated by the Reserve Bank of India, all financial institutions in India must now link their new home loan prices to a new external benchmark, namely the MCLR. With these fundamental shifts in lending, home loan interest rate is expected to become much cheaper for borrowers in the near future. Implications of Revised Home Loan …

Housing finance companies take a beating after RBI’s repo diktat
5 years, 6 months ago

Housing finance companies take a beating after RBI’s repo diktat

Deccan Chronicle  

Mumbai: Shares of housing finance companies fell sharply after Reserve Bank of India directed all categories of lenders to link their loan interest rates to an external benchmark from next month coinciding with the festive season. so to expect banks to borrow fixed and lend floating rate, especially at rates linked to an external benchmark, may not be practical,” Suresh …

RBI rate cuts not enough to re-fire damp India housing market: Reuters poll
5 years, 6 months ago

RBI rate cuts not enough to re-fire damp India housing market: Reuters poll

Live Mint  

Bengaluru: India's liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest rate cuts will revive it. Indeed, nearly three-fourths of 18 analysts who answered an additional question said the RBI's interest rate cuts this year would have no impact …

Indiabulls Housing Finance Q1 net falls 24% to ₹802 crore
5 years, 7 months ago

Indiabulls Housing Finance Q1 net falls 24% to ₹802 crore

Live Mint  

Indiabulls Housing Finance Ltd on Tuesday reported a 24% fall in net profit at ₹802 crore for the first quarter ended June 30. The company's total income fell to ₹3,886.12 crore during the June quarter as against ₹4,071.32 crore in the year-ago period, it said in a release. During the quarter under review, Competition Commission of India approved the proposed …

NBFCs: No visible signs of recovery
5 years, 8 months ago

NBFCs: No visible signs of recovery

Deccan Chronicle  

Mumbai: Non-banking finance companies are set to report another subdued quarter amid continued liquidity squeeze. Among NBFCs and HFCs, analysts expect Bajaj Finance, HDFC, Can-fin Homes, M&M Finan-cial Services, and Cholamandalam Investment and Finance Company to report a good set of numbers. For our NBFC coverage universe, we expect net interest income growth at around 17 per cent YoY and …

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey
5 years, 8 months ago

Housing affordability worsened over past 4 years, Mumbai remains least affordable city: RBI survey

Firstpost  

The RBI has been conducting a quarterly Residential Asset Price Monitoring Survey since July 2010 on housing loans disbursed by select banks and housing finance companies across 13 cities. Mumbai: A Reserve Bank of India survey on Thursday showed that housing affordability has worsened in four years with Mumbai being the least affordable. “Housing affordability worsened over the past 4 …

Rental, affordable housing get a boost in Budget 2019
5 years, 8 months ago

Rental, affordable housing get a boost in Budget 2019

Live Mint  

The government will introduce a new model tenancy law to boost the fragmented rental housing market and has proposed further tax incentives in line with its continued effort to achieve the ‘Housing for All’ target by 2022, finance minister Nirmala Sitharaman said in her maiden Union Budget speech. “Current rental laws are archaic and do not address the relationship between …

Shares of housing finance firms crash sharply; DHFL tumbles 42% on massive selling over fears of a liquidity crisis
6 years, 6 months ago

Shares of housing finance firms crash sharply; DHFL tumbles 42% on massive selling over fears of a liquidity crisis

Firstpost  

New Delhi: Shares of housing finance firms came crashing sharply Friday, with Dewan Housing Finance tumbling up to 42 percent on massive selling over fears of a liquidity crisis, which had a cascading effect on the broader market as well. The scrip of Dewan Housing Finance Corporation went into a tailspin, nosediving 42.43 percent to end at Rs 351.55 on …

LIC Housing Finance is taking on more risk but benefits not in sight
6 years, 7 months ago

LIC Housing Finance is taking on more risk but benefits not in sight

Live Mint  

At first glance, LIC Housing Finance Ltd’s Q1 results may look just right to justify the 17% climb of its stock over the past two months. The housing finance arm of the country’s largest insurer reported a healthy 18% growth in net profit on the back of a 15% growth in its loan book. LIC Housing Finance’s net interest margin …

78% of new accounts booked in 2017-18 were home loans under ₹25 lakh category: NHB
6 years, 9 months ago

78% of new accounts booked in 2017-18 were home loans under ₹25 lakh category: NHB

Hindustan Times  

According to the latest data from the National Housing Bank, the regulator of all housing finance companies,the affordable housing sector drove the individual housing loan market in 2017-18, with 78% loans disbursed for the purchase of houses costing less than ₹25 lakh. Last fiscal, the total disbursements of housing loans by PSBs and HFCs in 2017-18 also showed a growth …

Dewan Housing Finance is on course to raise ₹50,000 crore this fiscal
6 years, 9 months ago

Dewan Housing Finance is on course to raise ₹50,000 crore this fiscal

The Hindu  

Dewan Housing Finance looks to raise a major chunk of its required ₹50,000 crore this fiscal from banks, external commercial borrowings and capital markets, as urbanisation, increase in workforce, nuclear families and affordability are driving demand, Santosh Nair, president and chief business officer of the company, said. In April, Dewan Housing Finance raised ₹1,000 crore through masala bonds. Dewan Housing …

RBI's move to cut risk weight, provisioning for home loans credit negative for banks: Moody's
7 years, 9 months ago

RBI's move to cut risk weight, provisioning for home loans credit negative for banks: Moody's

Firstpost  

RBI also has lowered the standard asset provisioning requirement to 25 basis points from 40. Mumbai: The Reserve Bank of India’s decision to lower the risk weights and standard asset provisioning on select housing loan sizes is credit negative for Indian banks, global credit rating agency Moody’s Investors Service said on Thursday. In its credit outlook report, Moody’s said: “The …

LIC Housing Finance: Asset quality stable, retail home loans’ revival key
7 years, 11 months ago

LIC Housing Finance: Asset quality stable, retail home loans’ revival key

Live Mint  

The LIC Housing Finance Ltd stock hit a record Rs679.80 on Tuesday, up nearly 3.5% intraday ahead of its March quarter earnings announcement. Disbursements grew at a similar rate boosted largely by non-core segments’ disbursements, while that of the core individual segment, i.e., retail home loans, remained sluggish. The key factor that has to be monitored is revival of the …

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