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Ind Bank Housing Ltd.

BSE: 523465 Sector: Financials
NSE: N.A. ISIN Code: INE969D01012
BSE LIVE 15:40 | 18 Sep 18.80 0.05
(0.27%)
OPEN

17.85

HIGH

18.90

LOW

17.85

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 17.85
PREVIOUS CLOSE 18.75
VOLUME 3176
52-Week high 39.55
52-Week low 11.00
P/E
Mkt Cap.(Rs cr) 19
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 17.85
CLOSE 18.75
VOLUME 3176
52-Week high 39.55
52-Week low 11.00
P/E
Mkt Cap.(Rs cr) 19
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Ind Bank Housing Ltd. (INDBANKHOUSING) - Company History

Incorporated on 28 Jan.'91, Ind Bank Housing (IBHL) commenced business on 5 Feb.'91 with the objective of providing long-term finance to individuals and companies to construct or purchase residential premises in India. IBHL has been promoted jointly by Indian Bank (with a 51% equity participation) and HUDCO (with a 25% equity participation). S Rajagopal is the chairman and A Viswanathan is the managing director of the company. In Oct.'91, IBHL came out with a public issue of 24 lac equity shares at par aggregating Rs 2.4 cr. The proceeds of the issue were utilised to part-finance the disbursement of housing loans to the extent of Rs 100 cr. It has established branches in major cities like Madras, Coimbatore, Madurai, Thanjavur, Pondicherry, Hyderabad, Mangalore, Bangalore, Vishakapatnam, etc, and has a total of 14 branches. During the year 2000, your company has sanctioned Rs.3.57 crores for 350 units of the Golden Jubilee Special Rural Housing Scheme formulated by National Housing Bank inorder to ameliorate the living conditions of the rural population.