Housing Finance Companies

Sammaan Capital reported a consolidated net loss of ₹8,101.4 crore as compared to a loss of ₹324.04 crore in the corresponding quarter of previous fiscal

Hudco reported a total income of ₹27 per cent year-on-year to ₹3,625.077 crore, compared to ₹2,854.91 crore in the year-ago period

All companies offer an additional interest rate for senior citizens, according to Paisabazaar

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

Borrowers can now raise complaints online against housing finance companies through a dedicated platform run by the regulator

Shriram Finance Ltd, the flagship company of the diversified conglomerate Shriram Group would revise its interest rates on fixed deposits with effect from June 26, the company said on Wednesday. As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50 per cent per annum while women depositors would receive an additional 0.05 per cent per annum on fixed deposits. For deposits of 12 months, the existing rate of 7.35 per cent would be revised to 7.65 per cent while for deposits made through digital mode for a period of 15 months would be revised to 7.90 per cent from the current 7.50 per cent, Shriram Finance said in a company statement on Wednesday. For 18 months, the interest rates would be revised to 7.80 per cent (current 7.40 per cent), 24 months 7.90 per cent from the existing 7.50 per cent. Interest rates would be revised to 8.40 per cent on deposits with a tenure of 36, 50 and

Lenders may push borrowers into buying policies without disclosing tenure, premium, and alternative products

On the bourses, LIC Housing Finance soared as much as 2.85 per cent to hit an intraday high of Rs 573.65 per share

Till 09:17 am on Wednesday; as many as 26.14 million equity shares representing 10 per cent of total equity of PNB Housing Finance changed hands on the NSE, the exchange data shows.

The RBI tweaked the risk weights for undisbursed loans by capping them at par with those of disbursed loans to address a potential anomaly in the computation of risk-weighted assets of these loans

Semi-urban and rural-focused home finance company Star Housing Finance Ltd (Star HFL) has reported a 70 per cent jump in its revenue for the April-June quarter on strong growth in interest income and commission fee. Total revenue rose by 70 per cent to Rs 20.96 crore for the April-June quarter of 2024-25 compared to Rs 12.29 crore in the year-ago period, the BSE-listed company said in a release. Interest income rose to Rs 18.08 crore in the first quarter of FY25 against Rs 11.20 crore in April-June 2023-24. Assets under management soared by 73.55 per cent to Rs 471.41 crore in the June quarter over the year-ago period. Disbursements were at Rs 61.23 crore in the quarter under review. Profit after tax rose by 94 per cent to Rs 3.02 crore in the quarter against Rs 1.55 crore in the year-ago period.

Aadhar Housing Finance IPO review: Aadhar Housing Finance aims to raise Rs 3,000 crore with a price band fixed at Rs 300 to Rs 315 per share

Loan amount, tenure and prepayment conditions must also suit you

The National Financial Reporting Authority (NFRA) has imposed penalties on 18 auditors and also debarred them for varying periods for lapses with respect to audits of various branches of housing finance company DHFL. Penalties totalling Rs 18 lakh or Rs 1 lakh each has been imposed on the auditors for their professional misconduct, according to 18 separate orders passed by the regulator. Also, they have been debarred for a period of six months to one year from "being appointed as an auditor or internal auditor or from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate". Out of the 18 auditors, 4 have been debarred for 6 months and the remaining 14 auditors have been restrained for 1 year. Following media reports of alleged siphoning of public money of around Rs 31,000 crore and the Enforcement Directorate's reported action in April 2020 on an alleged banking fraud of about Rs 3,700 crore by the

Little room for rate-cut wars; tight screening to stay

SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.

Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers

Also plan to take up issues such as impact of IRAC norms, status of Automatic Data Flow requirement, among others

Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23

The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates