NEW DELHI: The net profit of Home First Finance Company increased by 6.38 percent during the three months that ended on March 31, 2023. According to a BSE report by the company, its profit after tax increased to Rs 640.28 million in Q4 FY23 from Rs 601.88 million in the equivalent period of the previous […]
In Q4 FY23, Home First Finance’s net profit increased by 6.38%.more MUMBAI: According to a report, housing finance companies (HFCs) are projected to have a rate of growth of 6-8% during the year and 8-10% in FY2021-22 as a result of the demand for housing loans increased in the final two quarters of fiscal 2020–21. With the exception of one significant player’s portfolio, which experienced a […]
Growth of 8–10% is anticipated for housing financing companies in FY22, according to the reportmore
According to a statement issued on Tuesday, India Post Payments Bank (IPPB) has partnered with LIC Housing Financing to market the latter’s housing finance products to its 4.5 crore clients. According to the announcement, IPPB would make LIC Housing Finance Ltd’s (LICHFL) home loan products available to its clients across India through its robust and […]
India Post Payments Bank and LIC Housing partner to sell home loansmore
The PNB Housing Finance mortgage lender is intended to lay off around 5-7% of its employees to an apparent effort to streamline costs as the business is declining, joining an extensive number of firms which trimmed their workforce over the last six months. On Wednesday, barely a month after Hardayal Prasad began taking as chief […]
PNB Housing Finance plans to lay off around 5-7% of its employees to streamline costs.more
LIC Housing Finance (LIC HFL) has reduced its interest rates with immediate impact for individual home loan borrowers, the firm said in a media release. For any amount of loan, the interest rate for new customers with CIBIL score of 800 or more is 7.5%. If the customer assigns new/existing single premium term insurance policy […]
LIC Housing Finance cuts its housing loan rates to 7.4%.more
Dewan Housing Finance Corporation (DHFL) said on Tuesday it would not make any interest or principal payments to lenders and bondholders as the firm is under resolution process. The Corporate Insolvency Resolution Process (CIRP) was started against the debt-ridden corporation in compliance with the 2016 Insolvency and Bankruptcy Code regulations with effect from December 3, […]
DHFL under resolution process, declared to not make any payments to lenders and bondholders.more
The Delhi High Court on Friday restricted a private credit rating firm, ICRA Ltd, from allowing the Indiabulls Housing Finance Ltd (IHFL) credit score public until April 6. Justice Sanjeev Sachdeva’s interim direction came on a request to stop ICRA Ltd from downgrading IHFL’s credit score for failing to include any details the credit rating […]
High Court restricts ICRA ltd from publishing Indiabulls Housing Finance Ltd credit score.more
By Realty Quarter Bureau Financial Services firm Inditrade Capital plans to foray into housing finance segment with focus on promoting affordable housing. “We have applied for licence. The applications (are filed) with the regulator National Housing Bank and we are awaiting approval,” Inditrade Group of Companies Chairman Sudip Bandyopadhyay said. Housing finance business will be operated through a separate subsidiary and aims […]
Inditrade plans to foray into housing finance segmentmore
By Realty Quarter Bureau The ‘Dena Retail Loan Carnival’ will offer loans in the range of 8.25 per cent – 9 per cent from November 16, 2017 to December 31, 2017 State-owned lender Dena Bank today announced to offer home loan at 8.25 per cent, leaving behind industry leader SBI in terms of the cheapest loan rate offered by any player. […]
Dena Bank to offer cheapest home loan at 8.25%more