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Karvy to set up housing finance company

Company is looking at setting up a separate housing finance company as the cost of funds that it can tap through the National Housing Board is lower

Nupur Anand  |  Mumbai 

Non-banking finance company (NBFC) Karvy Financial Services is planning to set up a housing finance entity. The lender is yet to take the required regulatory approval but is looking at doing so in the next financial year. “We are looking at adding a housing finance company that will focus on low-cost housing that includes the affordable housing segment. This will typically include loans up to Rs 10 lakh,” said Amit Saxena, managing director and chief executive officer. Though it has started providing individual home loans, the firm is looking at setting up a separate ...

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