Business Standard

Shriram set to start home loan biz in Sept

Related News

(SCUF) is set to enter the space, with an of Rs 100 crore. The non-banking financial company, which secured the National Housing Bank's approval last week, plans to disburse home loans from mid-September through its wholly-owned subsidiary, Limited.

“Initially, we would set up 25 branches across the country and target middle-income customers, a segment in which the ticket size of loans should be around Rs 25 lakh,” Sujan Sinha, managing director and chief executive, Shriram Housing Finance Limited, told Business Standard.

Arun Duggal, chairman, SCUF, said the company aimed to leverage its existing customer base and tap the growth potential in the semi-urban and smaller centres. “We will definitely not compete with the bigger and established players. As a group, we have been catering to small and marginal players, and in the housing finance sector, too, we would be targeting the affordable housing space,” Duggal said.

Read more on:   
|
|
|
|
|
|

Read More

WestBridge makes first PE investment from new fund

To invest $36 million in Dr Lal Pathlabs

Quick Links

More news from Finance Rss icon

Kotak-ING Vysya merger is positive, says ICRA

The credit rating agency says the deal will improve operating profile of Kotak, create cross-selling opportunities

Central bank to hold back for now

The central bank might not be in any immediate position to deliver a rate cut, even as the first target of sub-eight per cent inflation for ...

PSBs continue to stuggle for share of low-cost deposits

PSBs' share of current and saving accounts has dipped from 33.5% in March '13 to 32.1% in Sept '14

Back to Top