Home Finance Companies

IIFL Home Finance has reshuffled its top management after CEO Monu Ratra's resignation, appointing Ajay Sachdeva as group chief business officer and Aarti Marwaha Upadhyay as CHRO

The shares were sold in the price range of Rs 870 to Rs 871.Shares of Home First fell 4.3 per cent to close at Rs 875. Among the buyers were Smallcap World Fund and Fidelity Global

Sundaram Home Finance on Thursday unveiled its plan to double its Small Business Loans (SBL) branches over the next 12 months including setting foot in Telangana. Telangana will be the company's first expansion outside Tamil Nadu in the SBL segment. We have made steady progress in the SBL segment establishing a solid presence in Tier 3 and 4 towns in Tamil Nadu. While we will look to strengthen our existing branches, we are now set to foray into locations outside TN in phase two of our expansion, Sundaram Home Finance MD Lakshminarayanan Duraiswamy said on the expansion. The company is in the process of identifying "pockets of opportunities" in smaller towns in TN and Telangana and expects to finalise them in Q4 this year, he said in a statement and added that the new branches would become fully operational next year. The company opened 25 exclusive SBL branches in Tier 3 and 4 towns in Tamil Nadu in phase 1 after it forayed into this new segment in October 2022, the release said.

The company said it is committed to expanding credit access to semi-urban and rural areas of Bharat that have historically had limited exposure to formal credit services

Slippages from recast book to decline in H2

IIFL Home Finance proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.

'The housing market will continue to remain resilient and grow this year, flagged by a strong underlying end user demand and growth of smaller cities,'

Sundaram Home Finance is a leading player in the housing finance sector and has 107 branches across the country.

In view of the pandemic, and also in order to maintain adequate liquidity, NBFCs increased their cash and bank balances significantly during the year, RBI report said

Positive management commentary from M&M Finance and Shriram Transport bodes well; sustenance is key

Home financier DHFL owes an estimated Rs 90,000 crore to banks, National Housing Bank and other creditors

US-based PE fund Blackstone bought a marquee property in tony Bandra Kurla Complex area of Mumbai from Radius Developers for Rs 2,600 crore

Project delays, stretched balance sheets impacting asset quality indicators of HFCs