To calm investors, Indiabulls Housing-Fin says liquidity position healthy

Company says it has a healthy liquidity position standing at Rs 200 billion as of September 2018

To quell concerns from investors that housing finance companies (HFCs) are facing liquidity issues, Indiabulls Housing Finance (IBHFL) on Monday said the company has a healthy liquidity position standing at Rs 200 billion as of September 2018.   

Assuming there are no fresh borrowings by the company, IBHFL's six-month liquidity coverage ratio stands at 135 per cent as of date, the company said in filings with the BSE. During the January to March quarter of FY18, the company's cash position stood at Rs 165 billion, as compared to Rs 211 billion of cash available during the October to December quarter of