Page 7 - Housing Finance

GIC Housing Finance's bad loans spike to 11.4% in Q1, solvency weakens

The deterioration in the asset quality would further impact GICHF's earnings profile, and consequently, its internal capital generation

At Rs 2,887 crore, Authum is top bidder for Reliance Housing Finance

subsidiary of Reliance Capital, the firm had defaulted on Rs 11,000 crore of loans and lenders had sought bids from investors

DHFL back in the black, posts Rs 97-crore net profit in March quarter

While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT

Second wave of Covid-19 to increase bad debts of NBFCs, HFCs: ICRA

According to the rating agency, 25-30 per cent of collections done by NBFCs and HFCs happen through field visits and largely via cash

PNB Housing Finance: Successful fundraise key to sentiment revival

Asset quality issues and pale growth justify the weak valuation

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

No capital infusion by Punjab National Bank in housing finance subsidiary

PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue

LIC Housing Finance disburses Rs 1,331 cr of loans via mobile app

The firm has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year

Affordable housing finance companies may grow at 12-15% in FY22: Report

The long-term growth outlook for affordable housing finance companies remains positive, says a report

Blackstone-backed Aadhar Housing Finance files papers for $1 billion IPO

Aadhar Housing Finance will use proceeds from the fresh issue to boost its capital base.

Aadhar Housing Finance files Rs 7,300-crore IPO papers with Sebi

Aadhar Housing Finance is backed by Blackstone

Home First Finance IPO: Strong growth prospects justify higher valuations

Most analysts believe the company has a long growth runway given its small size and the niche market it caters to

Nursing back post-Covid financial system biggest challenge for India

The state-dominated lending system's aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier

Blackstone's Aadhar Housing may file $1bn IPO prospectus in India soon

Founded in 2010, Aadhar has more than 294 branches across the South Asian country, providing financing solutions to customers whose monthly income ranges between $76 to $765

Piramal contests US-based Oaktree Capital's offer for bankrupt DHFL

The tier I capital of DHFL has already been completely written off and the existing lenders will be taking a substantial write-down on their loans

NHB slaps Rs 47,000 fine on GIC Housing Finance for violating guidelines

Housing finance regulator National Housing Bank (NHB) has imposed a fine of Rs 47,000 on GIC Housing Finance for violation of the guidelines.

Central Bank of India to exit housing fin biz; to sell stake for Rs 160 cr

State-owned Central Bank of India will exit housing finance joint venture by selling its entire stake of over 64 per cent to Centrum Housing Finance for Rs 160 crore.

Godrej group enters housing finance, eyes 40,000 customer base in three yrs

The group plans to infuse Rs 1,500 crore in next 3-4 years and borrow subsequently at competitive rates

Green shoots seen in housing finance sector, disbursements up in Sep: NHB

Home loan disbursements by HFCs during September 2020 were also better at 105 per cent compared to September 2019

HDFC net profit dips to Rs 2,870 cr in Q2, net interest income rises 21%

The Assets Under Management (AUM) rose 10.2 per cent to Rs 5,40,270 crore in Q2FY20 from Rs 4,90,072 crore in the previous year