Housing Finance

PNB Housing Finance eyes retail book of Rs 1 trillion by FY27: MD & CEO

Roshni is a product of PNB Housing Finance which promotes affordable housing, especially among first-time buyers

Affordable housing sector starting to show early signs of distress

With public banks dominating the segment, RBI's revised PSL cap may push banks towards higher-ticket loans, as underwriting costs stay the same regardless of loan size or risk

SC upholds Piramal Capital & Housing Finance's resolution plan for DHFL

Says all money recovered from fraudulent transactions must be paid to Piramal

Sundaram Home expands presence in Chennai zone; aims Rs 50 cr disbursements

Sundaram Home Finance, a wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd, has expanded its presence under the Emerging Business segment in the city, aiming to disburse Rs 50 crore over the next 12 months in the Chennai zone. The company inaugurated a new branch in Ambattur after establishing its first branch in Tambaram in January this year. In the Chennai zone, the company expects to register disbursements of Rs 50 crore. Sundaram Home Finance has already clocked disbursements of over Rs 200 crore in the Emerging Business segment and is looking to double this amount over the next 12 months, the company said. Commenting on the inauguration of the Ambattur branch, Sundaram Home Finance MD D Lakshminarayanan said, "Ambattur is rapidly growing into a separate township with increasing industrialization and a large number of manufacturing and IT firms in the area. We have been witnessing fast-paced infrastructure development in and around Ambattur." "In addit

Individual housing finance market to grow to Rs 77-81 trn by FY30: Report

The residential properties market remains buoyant, a key driver of the housing finance industry, with an absolute growth of 74 per cent since calendar year (CY) 2019

Aadhar Housing Finance Q3 results: Net profit rises 17% to Rs 239 cr

Aadhar Housing Finance on Thursday reported a 17 per cent increase in net profit to Rs 239 crore in the December quarter. The housing finance company earned a profit of Rs 204 crore in the same quarter a year ago. Total income during the third quarter of the current fiscal grew to Rs 785 crore from Rs 659 crore in the year-ago period, Aadhar Housing Finance said in a regulatory filing. During the quarter, interest income improved to Rs 714 crore compared to Rs 579 crore in the same period a year ago. Total expenses increased to Rs 478 crore against Rs 398 crore a year earlier. Gross non-performing assets declined to 1.36 per cent as of December 31, 2024, compared to 1.40 per cent at the end of the third quarter of the previous financial year. The mortgage firm's Asset Under Management (AUM) grew by 21 per cent to Rs 23,976 crore from Rs 19,865 crore as of December 31, 2023.

Most analysts positive on LIC Housing post Q3; eye NIM, rate cut trends

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

RBI files bankruptcy application against Aviom India Housing Finance

The RBI also appointed Ram Kumar, the former chief general manager of state-run Punjab National Bank as the administrator for Aviom

RBI supersedes board of Aviom India Housing Finance on governance concerns

Aviom India Housing Finance caters to low-income households in semi-urban areas and provides loans to women borrowers who do not have any formal income documentation

Aadhar Housing share zooms 6% as Citi initiates with 'Buy'; 42% upside eyed

The northward move in Aadhar Housing share came after foreign brokerage Citi Research initiated coverage with 'Buy' for a target price of Rs 565 per share

There is no change from organisational perspective: Truhome Finance CEO

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

Grihum Housing Finance plans to raise funds up to Rs 5k cr via NCDs in CY25

We aim to raise approximately Rs 4,500-Rs 5,000 crore over the next 12 months, with a significant portion targeted through capital markets for a tenure of 3-4 years, says Manish Jaiswal

Piramal Capital & Housing Finance to sell Rs 550 cr of NPLs through auction

Of the Rs 550 crore of bad loans put up for sale by PCHFL, Rs 314 crore are unsecured loans, and Rs 236 crore are secured loans

Shriram Finance completes sale of housing finance arm to Warburg Pincus

The sale of Shriram Finance's stake in SHFL was executed through Warburg Pincus' affiliate, Mango Crest Investment Ltd

Panel Discussion: Banking on Bricks

BFSI Summit: 'Supply pressure for affordable housing despite strong demand'

The Reserve Bank of India (RBI's) had said that housing finance companies find the pre-payment penalty imposed as a challenge for the lenders. However, there is better clarity on regulations

Crisis brewing? BS BFSI experts raise alarm on affordable housing supply

At the BFSI Insight Summit, industry leaders discuss challenges facing affordable housing, citing high demand but developers' reluctance due to costs, approvals, and low profits

Festival offers on home loans: Avoid teaser rates that reset after months

Compare offers from various lenders on criteria like interest rates, processing charges, tenure, discounts, repayment flexibility

Housing finance firm WEAVER acquires Capital India Home Loans for Rs 267 cr

The company will raise up to Rs 800 crore from private equity funds to finance the acquisition and fuel its expansion plans

Interest, trust of investors humbling: Sanjiv Bajaj on BHFL listing

Says shareholders should expect a business that grows with high quality and high level of corporate governance