Page 8 - Housing Finance

LIC HFC Q1FY21 PBT up 21% to Rs 1,018 cr, NIM declines by 9 bps

Net profit for reporting quarter up 34% to Rs 817.48 cr; firm's stock closed flat at Rs 276.7 a share on BSE

After micro loans, housing finance to be next key focus for Bandhan: MD

Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience with large corporate exposures, Bandhan Bank now wants to focus on the home loan segment, a top executive has said. The housing finance book is targeted to grow five times to Rs 1 lakh crore in the next five years from the present level of nearly Rs 20,000 crore, its chief executive and managing director Chandra Shekhar Ghosh told PTI. Ghosh, who has been heading Bandhan since its days as a microlender, termed the bank's biggest setbacks regulatory wrath for high promoter ownership and also the exposure to failed infra lender IL&FS - as "learnings". He said it is good that the failure on the large exposures happened very early into Bandhan Bank's journey, which helped limit the losses, and affirmed that it will never lend to the large segment again. On the promoter share front, where the RBI had put restrictions including on network expansion and capping ..

FM holds review meet for residential projects to boost realty investment

The meeting was conducted with the secretaries of the ministries of Finance and senior management teams

81 stalled housing projects approved for funding under special window

They will collectively be able to complete 60,000 houses with Rs 8,767 cr investment

NBFCs, HFCs offload risky realty loans to special situation funds

Experts say though the moratorium on loan repayment is available to developers till August, many are expected to struggle in repaying lenders subsequently

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

Housing finance firms comfortably placed to meet debt obligations: Report

The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 trillion, of which Rs 1.4 trillion is accounted for by debt markets, rating agency ICRA said in the report.

Housing finance has key role in making India $5 trn economy: Keki Mistry

For the housing sector, the authorities are aware of the strong linkages it has with the economy.

HDFC beats expectations in Q3; conservative provisioning offers comfort

Net interest income (difference between interest earned and expense) growth of 9 per cent YoY to Rs 3,239.9 crore was better than analyst expectations of around 8 per cent

Tata Housing Finance to raise Rs 2,000 crore via non-convertible debentures

The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore

Troubled real estate sector may face further stress after latest NHB diktat

NHB asks housing finance firms not to give loans where builders pay on behalf of borrowers

'Substantially impaired': The reason DHFL fears it may not survive

DHFL, one of India's largest housing finance companies, said it's 'undergoing substantial financial stress' and its ability to raise funds is 'substantially impaired'.

Budget impact: Infrastructure, housing finance, cement firms key gainers

Rural development initiatives both on physical and social infrastructure could spur employment and consumption

Housing finance growth may slow to 15% this fiscal due to NBFC crisis

However, given the under-penetration of mortgages, the agency expects growth to recover soon

Micro-housing finance boom hits roadblock due to liquidity crisis

In the past two to three years, close to 15-20 firms are focusing on lending to the informal sector.

Housing finance firms muscle in on banks' turf

Commercial banks saw their share of the business decline from 67 per cent in 2012 to 63 per cent in March 2017

Pain ahead for realty, housing finance players

What happens if the developer goes bust and doesn't deliver? The lender will now try to squeeze money out of owners of houses that don't exist

Housing finance: Will the party last?

It's been a two-year bull run in HFC shares, stoked by govt initiatives

Amid realty slowdown, housing credit growth slowed to 16% in FY17: Icra

The slowdown was due to lack of new project launches, investors deferring home purchase decisions

RBI easing housing finance norms credit negative: Moody's

There is no change to the risk weights for housing loans of up to Rs 30 lakh