Page 3 - Housing Finance Companies

NBFCs pin hope on festive season for revival in credit disbursals

Collection efficiency of non-banking lenders and housing finance companies picks up

LIC Housing plans to raise Rs 50,500 crore by issuing debt securities

The proposal will be taken up at its annual general meeting on September 28 for approval from shareholders

Sunteck Realty zooms 19%, HDFC up 3% as Maharashtra govt cuts stamp duty

The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities

'Mortgage-GDP ratio, at less than 10%, is poor'

Another mechanism to promote low-ticket housing is through a safeguard quite like the credit guarantee scheme for micro, small and medium enterprises, which has seen a decent offtake

Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed

PNB, Carlyle to remain invested in PNB Housing, says CEO Neeraj Vyas

The company is cautious on lending to construction, gems and jewellery, hospitality and aviation sectors, says executive

SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

Gross NPAs of HFCs are estimated to increase to 2.5-3% in FY21: Icra

The situation in the non-housing segment is expected to be worse

LIC Housing Finance likely to recover Rs 3,000 crore worth NPAs

The target is to get back about 50 per cent of gross non-performing assets (GNPAs), Managing Director and Chief Executive Siddhartha Mohanty said.

Mortgage norms: Tightened or relaxed?

From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?

RBI draft guidelines will strengthen HFCs, safeguard investor interest

Most listed mortgage lenders already meet the requirements

LIC Housing Finance posts 16% fall in pre-tax profit at Rs 826.72 crore

Its net profit fell sharply, by 40 per cent, to Rs 421.43 crore from Rs 693.58 crore in Q4FY19.

RBI to replace NHB rules with its own set as the new HFC regulator

Central bank sets a formal definition of 'housing finance' in draft released on its website

PNB Housing Finance plans to sell corporate loans up to Rs 2,000 crore

PNB HFC is in talks with banks for offloading a part of corporate loan book, and expects to finalise the deal in next few weeks, said Neeraj Vyas, MD and CEO of the housing finance company.

HDFC to host month-long online property show featuring 150 projects

More than 75 developers from NCR to showcase theire projects starting Wednesday; Mumbai next on cards

Financially stressed due to Covid-19? You may find it hard to get loan

Lenders are treading cautiously, and in some cases even cancelling previously sanctioned or pre-approved loans

HDFC's pre-tax profit down 27% in Q4 due to higher provisioning for Covid

After adjusting for fair value adjustments, profit on sale of investment, dividend and provisioning, the adjusted profit before tax for the quarter ended March 31, 2020 is, Rs 3,535 crore

Govt to use RBI money to support struggling NBFCs for just three months

NBFCs cry foul as they were expecting a two-three year support

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

Sitharaman gives liquidity boost of Rs 75,000 cr to shadow banks, MFIs

Sitharaman announced a special liquidity scheme of Rs 30,000 crore for NBFCs, housing finance companies (HFCs) and MFIs, which are finding it difficult to raise money from the debt markets.