Search result for 'housing finance'

Bain Capital Acquires 18% Stake in Manappuram Finance for Rs 4,385 Crore

March 20, 2025 21:57

Bain Capital will acquire an 18% stake in gold loan financier Manappuram Finance for Rs 4,385 crore, making it one of the company's promoters and providing joint control.

Sundaram Home Expands in Chennai, Aims for Rs 50 Cr Disbursements

March 18, 2025 16:11

Sundaram Home Finance expands its Chennai presence, targeting Rs 50 crore in disbursements over the next year. The company also aims to double its Emerging Business segment disbursements.

Housing Loans Surge 14% to Rs 33.53 Lakh Crore in Q2FY24: NHB

March 12, 2025 18:40

India's housing loan outstanding reached Rs 33.53 lakh crore in Q2FY24, a 14% YoY increase. NHB's report highlights growth drivers and regional disparities in credit flow.

LIC Housing Finance Approves Rs 1.23 Lakh Cr Borrowing Budget for FY26

March 5, 2025 19:54

LIC Housing Finance board approves Rs 1.23 lakh crore borrowing budget for FY26, including loans, bonds, and other instruments. The company's shares closed at Rs 521.20 on the BSE, up 3.49 per cent.

Sundaram Home Finance Opens 50th Branch, Eyes Expansion

March 4, 2025 10:42

Sundaram Home Finance has inaugurated its 50th 'Emerging Business' branch in Arani, Tamil Nadu, as part of its expansion drive. The company plans to open 50 more branches outside the state and...

Sebi Allows NBFCs to Invest in Security Receipts - Boosting Distressed Asset Market

March 3, 2025 18:39

Sebi has permitted all NBFCs and HFCs to invest in security receipts issued by ARCs, widening the scope of participants and boosting liquidity in the distressed asset market.

Sundaram Home Finance Targets Rs 400 Cr Disbursements in Emerging Business

February 25, 2025 11:47

Sundaram Home Finance aims to double disbursements to Rs 400 crore in the Emerging Business segment within the next year, expanding into AP and Telangana. The company offers small business loans...

RBI Fines Citibank Rs 39 Lakh for Regulatory Violations

February 21, 2025 20:42

The Reserve Bank of India has imposed a penalty of Rs 39 lakh on Citibank N.A. for non-compliance with directions pertaining to large exposures framework and delay in furnishing credit information...

NCLT Admits Insolvency Against AVIOM India Housing Finance

February 21, 2025 15:45

The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against AVIOM India Housing Finance, following the Reserve Bank of India's intervention due to governance concerns and...

CCI Approves Merger of Chaitanya India Fin Credit & Svatantra Holdings

February 18, 2025 21:08

The Competition Commission of India (CCI) has approved the merger of Chaitanya India Fin Credit and Svatantra Holdings into Ananya Birla-led Svatantra Microfin. The merger will see Svatantra Micro...

Tribeca Developers Appoints Vaibhav Agarwal as Executive Director

February 18, 2025 16:14

Tribeca Developers appoints Vaibhav Agarwal, with over 22 years of experience in real estate finance, as Executive Director to lead the company's future capital market strategies, fundraising and...

RBI Urges NBFCs to Prioritize Customer Fairness

February 13, 2025 15:59

RBI Governor Sanjay Malhotra emphasizes fair customer treatment and quick grievance redressal for NBFCs, stressing the need for inclusive development and financial stability.

Godrej Capital AUM to Double to Rs 30,000 cr by 2026

February 7, 2025 15:54

Godrej Capital, the financial services arm of Godrej Industries, aims to double its assets under management to Rs 30,000 crore by March 2026. The company has seen strong growth in Tamil Nadu and...

Aadhar Housing Finance Q3 Profit Up 17% to Rs 239 Cr

February 6, 2025 19:02

Aadhar Housing Finance reports a 17% rise in Q3 net profit to Rs 239 crore, driven by strong interest income and AUM growth. Total income also increased.

India Budget 2025: Experts Expect Incentives, Fiscal Prudence

January 30, 2025 21:20

Experts anticipate the Indian Budget 2025 will focus on boosting growth with tax incentives and infrastructure investments, while maintaining fiscal responsibility. Key sectors like housing,...

RBI Files for Aviom India Housing Insolvency

January 30, 2025 16:36

The Reserve Bank of India has filed for insolvency proceedings against Aviom India Housing Finance after superseding its board due to governance concerns and payment defaults.

Aditya Birla Housing Finance Raises Rs 830 cr from IFC

January 29, 2025 18:29

Aditya Birla Housing Finance Limited (ABHFL) secures Rs 830 crore from IFC through Non-Convertible Debentures (NCDs) to support affordable housing and MSMEs, particularly women-led enterprises.

RBI Supersedes Aviom India Housing Board: Governance Concerns

January 27, 2025 18:14

The Reserve Bank of India (RBI) has superseded the board of Aviom India Housing Finance Pvt Ltd due to governance concerns and payment defaults. The RBI has appointed Ram Kumar as Administrator and...

Piramal Enterprises Q3 Profit: Rs 39 cr, RBI Approves Name Change

January 27, 2025 18:03

Piramal Enterprises reported a net profit of Rs 39 crore in Q3, a turnaround from last year's loss. RBI has approved the name change of Piramal Capital & Housing Finance to Piramal Finance, paving...

PNB Housing Finance Profit Jumps 43% in Q3

January 21, 2025 19:09

PNB Housing Finance reported a 43% rise in net profit to Rs 483 crore in the December quarter, driven by strong interest income and improved asset quality. Learn more about the company's performance.

Sundaram Home Finance Targets Rs 50 Cr Disbursements in Chennai

January 21, 2025 10:42

Sundaram Home Finance opens a new branch in Tambaram, Chennai, targeting Rs 50 crore disbursements in the next 12 months. The company focuses on affordable housing and small business loans.

MobiKwik Partners Piramal Finance for Personal Loans

January 16, 2025 21:00

MobiKwik has partnered with Piramal Finance to offer personal loans to its users through its digital platform. The partnership aims to address the credit needs of millions of Indians.

Tata Sons NBFC De-registration: RBI Review - Business News

January 16, 2025 17:54

RBI keeps Tata Sons on list of large NBFCs that must list on stock exchanges but de-registration application is pending review. Learn more about the implications.

Truhome Finance: Shriram Housing Finance Rebrands

January 15, 2025 21:59

Shriram Housing Finance rebrands as Truhome Finance following its acquisition by Warburg Pincus and co-investors. The new brand aims to provide affordable housing finance and empower individuals to...

SFB NPAs to Rise, Loan Growth to Slow in FY25: Icra

January 15, 2025 20:57

Icra forecasts an increase in SFB NPAs and a slower loan growth rate in FY25, citing concerns in the microfinance sector. Asset growth is expected to slow to 18-20%, down from 24% in FY24.

IMGC & GIC Housing Finance Partner for Mortgage Guarantee-Backed Home Loans

January 13, 2025 13:49

IMGC and GIC Housing Finance have partnered to offer innovative mortgage guarantee-backed home loans, aiming to enhance affordability and accessibility in the housing finance sector. This...

Bank Profits to Moderate in FY26 as Bad Assets Rise: Ind-Ra

January 7, 2025 16:45

Indian bank profitability is expected to moderate in FY26 due to rising bad assets, according to India Ratings and Research. Unsecured retail loans are a key concern, but overall impact is...

DHFL Loan Scam: 5 Accused Seek Pardon in Delhi Court - Jan 13 Hearing

January 6, 2025 19:45

Five accused in the DHFL loan scam case, including former promoter Kapil Wadhawan, have filed applications seeking pardon and turning approver. Delhi court to hear pleas on Jan 13.

Budget Wishlist: Financial Sector Seeks Tax Breaks, Market Reforms

January 2, 2025 19:44

Financial sector stakeholders met with India's Finance Minister to advocate for tax incentives on fixed deposits, deeper capital markets, and support for NBFCs.

Corporate India in 2024: Mergers, Farewells, and Controversies

January 1, 2025 11:05

2024 was a year of significant events for Indian corporations, marked by mergers, acquisitions, farewells, and controversies. Explore the key developments that shaped the year.

HDFC Bank Executes First Gold Forward Deal from GIFT City

December 23, 2024 21:51

HDFC Bank becomes the first domestic lender to execute a gold forward deal from GIFT City, enabling onshore entities to hedge gold price exposure.

ADB Invests USD 70 Million in Vastu Housing for Affordable Homes

December 23, 2024 20:38

ADB commits USD 70 million to Vastu Housing Finance to expand access to affordable housing loans in India, with a focus on underserved borrowers and women's homeownership.

IPO Boom in India: Record Rs 1.6 Lakh Cr Raised in 2024

December 22, 2024 11:24

India's IPO market witnessed record fundraising in 2024, reaching Rs 1.6 lakh crore, driven by economic growth and investor confidence. The pipeline for 2025 is even more promising.

Aditya Birla Housing Fin Partners with NHB for PM Awas Yojana

December 18, 2024 21:59

Aditya Birla Housing Finance partners with National Housing Bank to offer housing finance solutions under PM Awas Yojana for EWS, LIG and MIG.

Shriram Finance Sells Housing Finance Arm to Warburg Pincus for Rs 3,929 cr

December 11, 2024 22:17

Shriram Finance has completed the sale of its housing finance subsidiary, Shriram Housing Finance, to Warburg Pincus for Rs 3,929 crore. The transaction aligns with Shriram Finance's strategic...

Shubham Housing Raises Rs 1,000 Cr Led by Multiples

December 10, 2024 20:14

Shubham Housing Development Finance secures Rs 1,000 crore funding led by Multiples Private Equity, with participation from ADB and BII. The funds will be used to expand operations and product...

Aadhar Housing Finance Expands in Rajasthan with 5 New Branches

December 9, 2024 19:39

Aadhar Housing Finance opens 5 new branches in Rajasthan, expanding its reach to 54 branches in the state and 560 across India. The company provides affordable home loans to low-income groups and...

Aadhar Housing Finance AUM to Exceed Rs 25,000 Cr by March 2025

December 8, 2024 17:00

Aadhar Housing Finance, catering to the affordable housing segment, expects its AUM to cross Rs 25,000 crore by March 2025, driven by strong growth and expansion.

IPO Frenzy Next Week: 11 Companies to Raise Rs 18,500 Cr

December 8, 2024 12:54

11 companies, including Vishal Mega Mart, Sai Life Sciences, and Mobikwik, are set to launch IPOs next week, aiming to raise nearly Rs 18,500 crore. The IPO market is bustling with activity across...

Axis Bank Launches ARISE Women's Savings Account

December 5, 2024 20:07

Axis Bank introduces 'ARISE Women's Savings Account' with tailored services, healthcare benefits and exclusive perks for women.

Affordable Housing Shortage in India: 31.2 Million Units by 2030

December 4, 2024 13:48

India faces a massive affordable housing shortage, reaching 31.2 million units by 2030, presenting a Rs 67 trillion market opportunity for real estate developers. Read more.

Affordable Housing Shortage to Reach 31.2 Million Units by 2030

December 4, 2024 11:14

India's affordable housing shortage is projected to reach 31.2 million units by 2030, presenting a massive Rs 67 trillion market opportunity for developers and financial institutions, according to...

PNB Housing Aims for Rs 5,000 Cr Affordable Loan Book by FY25

December 3, 2024 17:23

PNB Housing Finance targets Rs 5,000 crore loan book in affordable segment by FY25, driven by PMAY 2.0 and branch expansion. The company also plans to launch a new vertical for Loan Against Property.

Home First Finance Stake Sold for Rs 1,728 Crore

December 2, 2024 21:36

Promoters of Home First Finance and Warburg Pincus affiliate divest 19.6% stake in the company for Rs 1,728 crore through open market transactions. Read more.

IPO Boom: 10 Companies to Raise Rs 20,000 Cr in December

November 24, 2024 11:29

India's IPO market remains vibrant with 10 companies, including Vishal Mega Mart and Blackstone-owned Gemmological Institute, set to raise Rs 20,000 crore in December.

Sundaram Home Finance Expands to Tier-III Towns in Western TN

November 19, 2024 15:42

Sundaram Home Finance is expanding its presence in tier-III towns in Western TN, targeting small businesses and affordable housing finance. The company plans to disburse over Rs 500 crore in the...

IITL Launches Rs 500 Cr Real Estate AIF - India News

November 12, 2024 16:13

Industrial Investment Trust Limited (IITL) announces a Rs 500 crore AIF focused on India's real estate sector, targeting growth in residential and commercial properties.

MSCI India Index Adds BSE, Oberoi Realty, Voltas

November 7, 2024 12:03

BSE, Oberoi Realty, Voltas, Kalyan Jewellers, and Alkem Laboratories will be added to the MSCI India Index effective November 25, 2024. The changes are part of the latest index review by MSCI.

Aptus Value Housing Finance Q2 Profit Up 22% to Rs 182 cr

November 5, 2024 22:34

Aptus Value Housing Finance India Ltd reported a 22% rise in net profit to Rs 182 crore in Q2 FY25, driven by increased income. AUM stood at Rs 9,679 crore.

Aptus Value Housing Reports Q2 Profit of Rs 181.96 Cr

November 5, 2024 17:04

Aptus Value Housing Finance India Ltd reported a profit of Rs 181.96 crore in Q2 FY25, driven by business growth and stable asset quality. The company's profit grew by 22% year-on-year.

IIFL Finance Rating Affirmed by Fitch After RBI Lifts Gold Loan Ban

November 4, 2024 15:17

Fitch Ratings affirmed IIFL Finance's ratings with a stable outlook, citing the lifting of the RBI ban on new gold-backed lending, which will gradually stabilize the firm's franchise.

HDFC Standard Life Buys PNB Housing Shares | Rs 90 Crore Deal

October 29, 2024 19:48

HDFC Standard Life Insurance Co. bought over 10 lakh shares of PNB Housing Finance for Rs 90 crore. Asia Opportunities V (Mauritius) Ltd trimmed its stake in the company.

LIC Housing Finance Q2 Profit Rises 11% | Latest News

October 28, 2024 20:21

LIC Housing Finance reported an 11% rise in Q2 profit to Rs 1,324 crore. Despite a decline in core net interest income, the company aims to increase higher yield assets and improve NIMs.

Piramal Enterprises Q2 Profit Triples, Flags Credit Risks

October 23, 2024 18:47

Piramal Enterprises Q2 profit tripled to Rs 163 crore, but the company flagged risks from the precarious credit environment. The lender's net interest income rose 17%, and recoveries from alternate...

Mahindra Finance Q2 Net Profit Up 36%: Strong Growth in September Quarter

October 22, 2024 21:21

Mahindra Finance reported a 36% jump in consolidated net profit for the September quarter, reaching Rs 390 crore. Read about the company's performance, loan growth, and key financial highlights.

Bajaj Finance Q2 Profit Rises 13% to Rs 4,014 Cr

October 22, 2024 19:12

Bajaj Finance Ltd reported a 13% rise in consolidated net profit to Rs 4,014 crore for Q2 FY25, driven by a surge in income. However, asset quality worsened with NPAs rising.

Bharti Airtel Increases Indus Towers Stake: CCI Approval

October 22, 2024 19:07

CCI approves Bharti Airtel's proposal to increase its stake in Indus Towers to over 50%. The approval follows Indus Towers' share buyback scheme.

Bajaj Housing Finance Q2 Profit Up 21% to Rs 546 Crore

October 21, 2024 19:11

Bajaj Housing Finance reported a 21% rise in net profit to Rs 546 crore in Q2 FY25. Total income increased to Rs 2,410 crore, while asset quality deteriorated.

Q2 Earnings, Global Trends Drive Market Sentiment

October 20, 2024 11:15

Indian markets are expected to be volatile this week, driven by Q2 corporate earnings, global trends, and foreign investor activity. Key factors include geopolitical tensions, FII outflows, and...

HDFC Execs Launch Home Loan Venture, Secure Rs 800 Cr

October 17, 2024 21:05

Former HDFC executives have launched a new home loan venture, Weaver Services, securing Rs 800 crore from PE funds. The company aims to serve self-employed individuals in Tier 2 and 3 towns.

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

October 10, 2024 21:35

A special CBI court granted bail to Kapil Wadhawan, former director of DHFL, in an alleged loan fraud case linked to Yes Bank, citing delay in trial. Wadhawan was arrested in April 2020 and has...

RBI Policy Boosts Auto, Realty, Bank Stocks

October 9, 2024 12:37

Indian auto, realty, and bank stocks surged after the Reserve Bank of India shifted its monetary policy stance to 'neutral', hinting at potential rate cuts. The BSE Auto, Realty, and Bankex...

RBI Warns NBFCs Against Unsustainable Growth Practices

October 9, 2024 12:06

RBI Governor Shaktikanta Das cautions NBFCs against unsustainable growth practices, emphasizing the need for compliance, strong risk management, and fair customer treatment. The central bank warns...

M3M Group Cuts Debt by 65% to Rs 1,302 Cr | Strong Sales Drive Reduction

October 5, 2024 12:08

M3M Group has significantly reduced its debt by 65% to Rs 1,302 crore, driven by robust sales and efficient cost management. The company achieved sales of Rs 3,911 crore in April-June 2024.

Piramal Capital Raises USD 150 Million from Bond Sale

October 4, 2024 17:55

Piramal Capital and Housing Finance raises USD 150 million through a global bond sale, achieving a better pricing than previous issuance. The company targets 10-12% of its borrowing from...

Vishal Mega Mart, ACME Solar, Mamata Get Sebi IPO Approval

September 30, 2024 17:56

Vishal Mega Mart, ACME Solar Holdings, and Mamata Machinery have received Sebi's approval to float IPOs. The regulator also cleared Hyundai MotorIndia and Swiggy's IPOs.

IPO Rush: Hyundai, Swiggy, NTPC Lead Rs 60,000 Cr Fundraise

September 29, 2024 10:34

Over half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, are set to raise around Rs 60,000 crore through IPOs in October-November. The IPO market is experiencing...

HDB Financial Services Prepares for IPO: RBI Listing Requirement

September 28, 2024 12:48

HDB Financial Services, an upper layer NBFC, is gearing up for an IPO to comply with RBI's listing requirements. The IPO is expected to include a fresh issue of shares and an offer for sale by...

Sebi Fines Anmol Ambani Rs 1 Crore in Reliance Home Finance Case

September 23, 2024 18:06

Sebi imposed a Rs 1 crore penalty on Anmol Ambani for failing to exercise due diligence in approving loans at Reliance Home Finance. The regulator also fined Krishnan Gopalakrishnan, the company's...

India IPOs: Busiest Month in 14 Years | RBI Bulletin

September 20, 2024 20:15

September is set to be the busiest month for IPOs in India in 14 years, with over 28 companies entering the market, according to the latest RBI Bulletin.

HDFC Bank Approves Rs 2,500 Crore IPO for HDB Financial Services

September 20, 2024 18:32

HDFC Bank has cleared a Rs 2,500 crore IPO for its subsidiary HDB Financial Services. The move follows RBI's mandate for upper-layer NBFCs to list.

EQT Acquires Indostar Home Finance for Rs 1,750 Crore

September 20, 2024 13:02

Private equity firm EQT has acquired Indostar Home Finance for Rs 1,750 crore. The deal will see EQT invest Rs 500 crore to expand the company's geographic footprint and accelerate its digital...

Bajaj Housing Finance Shares Decline After Rally

September 18, 2024 17:32

Bajaj Housing Finance shares closed lower on Wednesday, snapping a two-day rally. The stock fell over 4.50%, eroding its market valuation by Rs 6,487.63 crore. The company made a strong market...

Naspers Gets CCI Clearance for Vastu Housing Stake

September 17, 2024 20:19

South Africa's Naspers has received approval from India's Competition Commission of India (CCI) to acquire a minority stake in Vastu Housing Finance Corporation Ltd.

Bajaj Housing Finance Shares Surge 10% on Debut

September 17, 2024 11:29

Bajaj Housing Finance shares hit the upper circuit limit on Tuesday, extending their listing day gains. The stock jumped 10% to Rs 181.48 on the BSE, reflecting a strong market debut.

Nexus Venture Partners Sells Stake in India Shelter Finance

September 16, 2024 20:20

Nexus Venture Partners has sold a 5.97% stake in India Shelter Finance Corporation for Rs 482 crore through open market transactions. The deal saw Goldman Sachs and SBI Life Insurance increase...

Bajaj Housing Finance Debuts Strong, Becomes Top Housing Finance Company

September 16, 2024 18:26

Bajaj Housing Finance Ltd. made a stellar market debut, doubling in value and becoming the most valued housing finance company in India. The IPO saw overwhelming subscription, with shares ending at...

HSBC India Launches Global Education Payments

September 16, 2024 15:36

HSBC India simplifies international education payments for students. Directly pay tuition fees to 600+ universities via the mobile app with reduced remittance costs.

Bajaj Housing Finance Shares Surge 114% on Debut

September 16, 2024 10:37

Bajaj Housing Finance shares soared over 114% on their market debut, exceeding the issue price of Rs 70. The IPO received overwhelming subscription, reflecting strong investor confidence.

Singapore Govt Invests in PNB Housing Finance | Rs 178 Cr Deal

September 12, 2024 22:31

Singapore government, Monetary Authority of Singapore and Goldman Sachs increased their stakes in PNB Housing Finance for Rs 178 crore through open market transactions. Read more.

Vastu Housing Finance Secures USD 50 Million Loan for Affordable Housing

September 12, 2024 21:49

Vastu Housing Finance to borrow USD 50 million from USIDFC for affordable housing, focusing on low-income borrowers and women's home ownership in Tier II to IV towns across India.

Bajaj Housing Finance IPO Oversubscribed 63.60 Times

September 11, 2024 19:23

Bajaj Housing Finance's Rs 6,560 crore IPO was oversubscribed 63.60 times, driven by strong institutional demand. QIBs portion saw a staggering 209 times subscription.

Bajaj Housing Finance IPO Oversubscribed 7.5 Times

September 10, 2024 19:06

Bajaj Housing Finance's Rs 6,560 crore IPO has been oversubscribed 7.5 times on Day 2, with strong demand from all investor categories. The IPO closes on September 11.

Bajaj Housing Finance IPO Fully Subscribed

September 9, 2024 14:27

Bajaj Housing Finance's Rs 6,560 crore IPO was fully subscribed within hours of opening, exceeding expectations with strong demand from retail and institutional investors.

IPO Boom Next Week: 13 Companies to Raise Rs 8,644 Crore

September 8, 2024 11:04

The Indian IPO market is set for a busy week with 13 companies, including Bajaj Housing Finance, launching initial share-sales to raise a total of Rs 8,644 crore. Experts predict continued growth...

Bajaj Housing Finance IPO: Rs 1,758 cr from Anchor Investors

September 6, 2024 22:29

Bajaj Housing Finance raised Rs 1,758 crore from anchor investors ahead of its IPO. The IPO will open for public subscription on September 9 and conclude on September 11.

RBI Fines Housing & Urban Development Corp, 2 Others

September 6, 2024 19:14

Reserve Bank of India (RBI) has imposed penalties on Housing and Urban Development Corporation Ltd, Godrej Housing, and Aadhar Housing Finance Ltd for non-compliance with housing finance regulations.

Bajaj Housing Fin IPO: More NBFCs to Follow Suit

September 4, 2024 13:31

Bajaj Housing Finance's IPO is set to launch next week, with at least three more 'upper layer' NBFCs expected to go public within a year to meet the RBI's mandatory listing requirements. Learn more.

Bajaj Housing Finance IPO Opens Sept 9: Price Band at Rs 66-70/share

September 3, 2024 14:07

Bajaj Housing Finance's Rs 6,560 crore IPO opens on September 9 with a price band of Rs 66-70 per share. The IPO will close on September 11, and anchor investor bidding begins on September 6.

Bajaj Housing Finance IPO Opens Sep 9: Rs 6,560 Cr

September 1, 2024 10:55

Bajaj Housing Finance's Rs 6,560 crore IPO will open for subscription on September 9, closing on September 11. The IPO comprises a fresh issue and an offer for sale by parent Bajaj Finance.

Anil Ambani: Sebi Orders RHFL Management Defied Board on Lending

August 23, 2024 18:37

Sebi finds Anil Ambani behind fund diversion at RHFL, alleging management defied board diktat on lending practices and approved loans to unworthy creditors.

Asia Opportunities V Sells PNB Housing Stake for Rs 676 cr

August 22, 2024 19:56

Asia Opportunities V offloaded a 3% stake in PNB Housing Finance for over Rs 676 crore, while Singapore government bought 16 lakh shares. The deal follows recent stake sales by General Atlantic,...

General Atlantic, Pioneer Fund Sell Stake in PNB Housing

August 21, 2024 21:16

General Atlantic and Pioneer Investment Fund offloaded a 5.37% stake in PNB Housing Finance for Rs 1,119 crore, while MAS, Goldman Sachs, and Morgan Stanley acquired a stake.

NBFC Asset Growth to Moderate in FY25, NPAs Likely to Rise: Icra

August 21, 2024 17:50

Icra Ratings forecasts a slowdown in NBFC asset growth in FY25, with NPAs expected to rise due to factors including regulatory measures and concerns over unsecured and top-up loans. The sector...

CCI Approves Warburg Pincus's Rs 4,630 Crore Shriram Housing Finance Deal

August 20, 2024 20:47

The Competition Commission of India (CCI) has approved Warburg Pincus's acquisition of Shriram Housing Finance for Rs 4,630 crore. The deal will see Warburg Pincus acquire Shriram Finance's housing...

Sebi Settles Insider Trading Charges in PNB Housing Finance Case

August 13, 2024 17:44

Three individuals settled insider trading charges with Sebi in the PNB Housing Finance case, paying a collective Rs 1.56 crore. The regulator initiated proceedings for alleged violation of insider...

NBFC Depositors Can Prematurely Withdraw Entire Amount: RBI

August 12, 2024 19:53

Reserve Bank of India allows NBFC depositors to withdraw their entire deposit amount within 3 months in case of emergencies. Learn about the new rules and changes impacting NBFCs and HFCs.

RBI Fines CSB Bank, Union Bank, Others for Regulatory Violations

August 12, 2024 18:49

The Reserve Bank of India has penalized CSB Bank, Union Bank of India, Muthoot Housing Finance, Nido Home Finance, and Ashoka Viniyoga for violating regulatory norms.

Brookfield Acquires ATC Telecom: CCI Approves Deal

August 6, 2024 21:22

Competition Commission of India approves Brookfield's acquisition of ATC Telecom Infrastructure, a major deal announced earlier this year. CCI also cleared other transactions.

Bajaj Housing Finance, Manba Finance 'More Get Sebi IPO Nod

August 5, 2024 19:03

Bajaj Housing Finance, Manba Finance, Baazar Style Retail, Diffusion Engineers, and Deepak Builders get Sebi's approval for IPOs. Learn more about the details of each IPO.

LIC Housing Q1 Profit Down 2% to Rs 1,300 Cr

August 2, 2024 21:04

LIC Housing Finance's profit declined 2% to Rs 1,300 crore in Q1 FY24, while total income rose. Gross NPAs improved to 3.29%.

Aditya Birla Capital Net Profit Rises 17% in Q1 FY25

August 1, 2024 20:14

Aditya Birla Capital reported a 17% rise in its consolidated net profit to Rs 759 crore in the April-June quarter, driven by growth in lending and asset management businesses.

Aptus Value Housing Q1 PAT Up 21% to Rs 171.74 cr

August 1, 2024 17:05

Aptus Value Housing Finance reported a consolidated profit after tax of Rs 171.74 crore in Q1 FY25, driven by business growth, stable asset quality, and higher productivity.

Sebi Fines JM Financial, Former CEO for Flouting Rules

August 1, 2024 16:37

Sebi has fined JM Financial Asset Management, its former CEO, and others Rs 2 crore for flouting regulations by investing in defaulted DHFL securities using unpublished information.

Sanjay Shukla Appointed MD of National Housing Bank

July 30, 2024 16:51

Sanjay Shukla, former MD & CEO of Centrum Housing Finance Ltd, has been appointed as the Managing Director of the National Housing Bank (NHB).

Star Housing Finance Reports 70% Revenue Growth

July 27, 2024 15:44

Star Housing Finance Ltd (Star HFL) reported a 70% jump in revenue for the April-June quarter, driven by strong growth in interest income and commission fees. Total revenue reached Rs 20.96 crore,...

Piramal Capital Ex-MD Settles Insider Trading Case with Sebi

July 25, 2024 22:01

Piramal Capital Housing Finance's former MD Khushru Jijina, his wife Benaifer, and Greatdeal Finconsult settled an insider trading case with Sebi by paying Rs 43.55 crore.

Motilal Oswal Q1 Profit Soars 52% to Rs 1,021 cr

July 25, 2024 21:10

Motilal Oswal Financial Services reports record Q1 profit of Rs 1,021 crore, a 52% jump YoY. Revenue also surged to Rs 2,312.3 crore. Read more.

PNB Housing Q1 Net Profit Up 25% to Rs 433 cr - Business News

July 25, 2024 16:12

PNB Housing Finance reported a 25% increase in its net profit to Rs 433 crore in the first quarter ended June 2024. Read more about the company's financial performance.

CCI Dismisses Complaint Against Indiabulls Housing

July 24, 2024 19:29

Competition Commission of India (CCI) dismissed a complaint against Indiabulls Housing Finance for alleged abuse of dominant position through misleading advertisements.

Piramal Cap Raises USD 300 Million in Maiden Overseas Bond Issue

July 24, 2024 15:19

Piramal Capital has raised USD 300 million in its first overseas bond issuance, aiming to diversify its liabilities and fund small businesses and affordable housing. The company plans another...

Budget 2023: Bankers Laud Growth Focus, Fiscal Discipline

July 23, 2024 19:44

Indian bankers have lauded the Union Budget 2023, commending its focus on growth and infrastructure development while maintaining fiscal discipline. They highlight positive implications for the...

Real Estate Outlook Encouraging: Economic Survey

July 22, 2024 14:19

India's Economic Survey forecasts a positive outlook for the real estate sector driven by urbanization and rising housing demand, but highlights stalled projects as a challenge.

Haryana Affordable Housing Scheme: Mukhya Mantri Shehri Awas Yojana

July 12, 2024 20:45

Haryana Cabinet approves 'Mukhya Mantri Shehri Awas Yojana' to provide affordable housing to economically weaker sections in urban areas. The scheme includes financial assistance, interest...

Securitisation Volumes Surge 17% to ₹45,000 Crore in Q1 FY24: Report

July 8, 2024 18:49

Securitisation volumes in India rose 17% to ₹45,000 crore in April-June 2023, driven by increased participation from banks and a surge in vehicle loan securitisation. Read more.

Indiabulls Housing Finance Rebrands to Sammaan Capital

July 3, 2024 22:12

Indiabulls Housing Finance has officially changed its name to Sammaan Capital. The company will transition its branding over the coming month.

Bajaj Housing Finance Launches Affordable Home Loans

July 2, 2024 15:35

Bajaj Housing Finance introduces Sambhav Home Loans, targeting first-time homebuyers with affordable options and flexible repayment plans. Learn more about this new housing finance product.

SBI Launches 'MSME Sahaj' for Digital Invoice Financing

July 1, 2024 20:41

SBI introduces 'MSME Sahaj', an end-to-end digital invoice financing solution designed to streamline and expedite financing for small businesses.

Kapil Wadhawan Challenges Insolvency Proceedings - NCLAT

July 1, 2024 20:39

Kapil Wadhawan, former DHFL promoter, appeals NCLT order to initiate personal insolvency proceedings against him. The case has been adjourned to July 18.

Vraj Iron & Steel IPO: Rs 51 Cr Raised from Anchor Investors

June 25, 2024 18:49

Vraj Iron & Steel has raised over Rs 51 crore from anchor investors ahead of its IPO, which opens for public subscription on June 26. The company plans to use the funds for expansion projects.

General Atlantic, Asia Opportunities Sell Stake in PNB Housing Fin

June 20, 2024 19:54

General Atlantic and Asia Opportunities V sold a 4.9% stake in PNB Housing Finance for Rs 1,004 crore through open market transactions. The shares were offloaded in the range of Rs 786.46-787.88...

PNB Housing Finance to raise Rs 10,000 cr via NCDs

June 18, 2024 18:56

PNB Housing Finance to raise Rs 10,000 crore through NCDs to fund its business growth and expand its loan book by 17%.

Sundaram Home Finance Launches Emerging Business Segment

June 12, 2024 17:14

Sundaram Home Finance launches 'Emerging Business' segment, aiming to disburse Rs 300 crore this year, focusing on Small Business Loans and Affordable Housing financing.

NCLT Replaces Resolution Professional in Subhash Chandra's Insolvency Case

May 30, 2024 22:06

The National Company Law Tribunal (NCLT) has replaced the resolution professional in the insolvency proceedings against Zee founder Subhash Chandra, following a plea by Chandra. Shiv Nandan Sharma...

Religare Finvest Restarting Business Soon: RBI Approval Awaited

May 30, 2024 17:46

Religare Finvest, under RBI's watch, is poised to resume operations soon. The company awaits approval following completion of regulatory inspections and a successful debt restructuring.

PhonePe Launches Secured Lending Products | 6 Categories

May 30, 2024 14:23

PhonePe introduces secured lending products across 6 categories, including mutual fund, gold, bike, car, home, and education loans. Partnering with leading financial institutions, the platform aims...

Aditya Birla Capital Invests Rs 300 cr in ABHFL

May 29, 2024 22:31

Aditya Birla Capital has infused Rs 300 crore in its housing finance arm, ABHFL, to fund business growth and improve leverage ratio.

PNB Housing Finance Stake Sold for Rs 843 Cr: Asia Opportunities V, General Atlantic

May 29, 2024 20:00

Asia Opportunities V and General Atlantic divested a 4.46% stake in PNB Housing Finance for Rs 843 crore through open market transactions. The shares were disposed of in a price range of Rs...

REL Share Sale: Rashmi Saluja Refutes Burman Family''s Allegations

May 28, 2024 18:48

REL Chairperson Rashmi Saluja denies insider trading allegations by the Burman family, stating that the share sale was conducted according to board approval and regulations. Learn about the latest...

Indiabulls Housing Finance Q4 Profit Up 21% to Rs 319 Cr

May 24, 2024 18:59

Indiabulls Housing Finance reports a 21% increase in Q4 profit to Rs 319 crore, driven by revenue growth and improved asset quality. Gross NPAs declined to 2.69% in March 2024.

HUDCO Q4 Profit Up 9% to Rs 700 Cr - Housing Finance News

May 24, 2024 16:26

HUDCO's consolidated net profit surged 9.54% to Rs 700.16 crore in Q4 FY24, driven by a rise in total income. Read more about HUDCO's financial performance.

WestBridge Capital Sells Aptus Value Housing Stake: 5% Reduced

May 21, 2024 20:43

WestBridge Capital offloads 5% stake in Aptus Value Housing Finance, while JIH II LLC exits with 2% sale. Combined deal value reaches Rs 1,028 crore.

PNB Housing Finance Targets 17% Loan Growth in FY25

May 19, 2024 17:53

PNB Housing Finance aims to grow its loan portfolio by 17% in FY25, driven by branch expansion and focus on affordable housing. The company expects to reach a loan book of Rs 63,000 crore with a...

HC Grants Bail to Builder in Yes Bank-DHFL Case

May 18, 2024 00:00

Bombay High Court grants bail to Pune-based builder Avinash Bhosale in a corruption case involving Yes Bank and DHFL. The court said bail need not be denied solely due to the economic nature of the...

Pune Builder Bhosale Gets Bail in Yes Bank-DHFL Scam

May 17, 2024 17:54

Pune builder Avinash Bhosale granted bail by Bombay High Court in alleged corruption case involving Yes Bank and DHFL. Bhosale was arrested in May 2022 by the CBI.

LIC Housing Finance Aims for 10-12% Loan Growth in FY25

May 16, 2024 18:15

LIC Housing Finance aims to accelerate loan growth to 10-12% in FY25, focusing on affordable housing. The company also plans to increase its loan book to Rs 75,000 crore and maintain a net interest...

LIC Housing Finance Q4 Profit Down 7.5% to Rs 1091 cr

May 15, 2024 23:17

LIC Housing Finance reported a 7.5% decline in its Q4 profit to Rs 1,091 crore, but total income increased. Gross NPAs improved to 3.31% from 4.41%.

Aadhar Housing Finance Shares Debut at Issue Price

May 15, 2024 11:01

Aadhar Housing Finance shares, backed by Blackstone, made a flat market debut on Wednesday, listing at Rs 315 on the NSE and BSE. The IPO was oversubscribed 25 times.

Shriram Finance Shares Surge on Warburg Pincus Deal

May 14, 2024 10:53

Shriram Finance shares climbed over 5% after announcing the sale of its housing finance arm to Warburg Pincus for Rs 4,630 crore. The deal will allow Shriram to focus on vehicle finance and small...

Shriram Sells Housing Finance Arm to Warburg Pincus for Rs 4,630 cr

May 13, 2024 22:17

Shriram Finance has sold its housing finance arm, Shriram Housing Finance, to Warburg Pincus for Rs 4,630 crore. The deal is expected to be completed by March 2025.

Shriram Finance Sells Housing Arm to Warburg Pincus for Rs 4,630 cr

May 13, 2024 20:05

Shriram Finance has agreed to sell its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus for Rs 4,630 crore. The deal is expected to be completed in February 2025.

Aditya Birla Capital Q4 Profit Doubles to Rs 1,245 Crore

May 13, 2024 18:56

Aditya Birla Capital's Q4 profit surged to Rs 1,245 crore, driven by growth across its financial services businesses. The company's consolidated income and AUM also recorded significant increases.

Aadhar Housing Finance IPO Oversubscribed 25.49 Times

May 10, 2024 19:03

Aadhar Housing Finance IPO, backed by Blackstone, received 25.49 times subscription on the final day, with QIBs showing strong interest. The IPO raised Rs 3,000 crore and will be used for future...

Aadhar Housing Finance IPO Subscribed 1.48 Times

May 9, 2024 19:59

Aadhar Housing Finance IPO, backed by Blackstone, received 1.48 times subscription on Day 2, with QIBs and non-institutional investors showing strong interest. The IPO is a combination of fresh...

Piramal Enterprises Reports Q4 Profit, Announces Merger

May 8, 2024 19:17

Piramal Enterprises Ltd (PEL) reported a Rs 137 crore profit for Q4, driven by write-backs on taxes and investments. PEL also announced its merger into subsidiary Piramal Capital and Housing...

Aadhar Housing Finance IPO Subscribed 43% on Day 1

May 8, 2024 18:10

Aadhar Housing Finance IPO, backed by Blackstone, received 43% subscription on Day 1, with strong demand from non-institutional investors and RIIs. The IPO comprises a fresh issue and an OFS by...

Aadhar Housing Finance IPO: Rs 898 Cr Raised from Anchor Investors

May 7, 2024 22:00

Aadhar Housing Finance, backed by Blackstone, raises Rs 898 crore from anchor investors ahead of its IPO, set to open on May 8. The IPO, valued at Rs 3,000 crore, will see a fresh issue and an...

SMFG Invests Rs 1,300 Cr in SMFG India Credit Co for Expansion

May 7, 2024 16:49

Sumitomo Mitsui Financial Group (SMFG) invests Rs 1,300 crore in SMFG India Credit Co (SMICC) for expansion. The investment will be used to fortify expansion efforts and invest in SMFG Grihashakti,...

Home Loan Outstanding Surges to ₹27 Lakh Crore: RBI Data

May 5, 2024 14:47

Home loan outstanding in India reached ₹27.23 lakh crore in March 2024, driven by strong housing demand post-COVID. Experts attribute the growth to pent-up demand and government initiatives.

Rs 6,400 Crore IPO Blitz: Aadhar Housing, Indegene ''TBO Tek''

May 5, 2024 14:06

Three companies, Aadhar Housing Finance, Indegene, and TBO Tek, are set to launch IPOs this week, collectively aiming to raise nearly Rs 6,400 crore. Learn more about the IPOs and their key details.'

Aptus Value Housing Finance to Issue NCDs Up to Rs 2,250 cr

May 4, 2024 18:05

Aptus Value Housing Finance India Ltd has approved the issuance of Non-Convertible Debentures (NCDs) up to Rs 2,250 crore through private placements. The company reported a 22% hike in profit after...

Aptus Housing Finance Q4 PAT Up 21% to Rs 164 Cr

May 3, 2024 17:29

Aptus Value Housing Finance reported a 21% increase in profit after tax for Q4 FY24, reaching Rs 164 crore. Total disbursements also saw a significant rise.

Aadhar Housing Finance IPO Priced at Rs 300-315/Share

May 2, 2024 16:19

Aadhar Housing Finance, backed by Blackstone, sets IPO price band at Rs 300-315 per share. The IPO, worth Rs 3,000 crore, will open for subscription from May 8-10.

RBI Updates Operational Risk Guidance for NBFCs

April 30, 2024 18:23

The Reserve Bank of India (RBI) has updated its guidance note on operational risk management, extending it to NBFCs, including housing finance companies. The updated guidance aligns with Basel...

PNB Housing Finance Q4 Profit Surges 57% to Rs 444 Crore

April 29, 2024 16:45

PNB Housing Finance reported a 57% jump in its net profit to Rs 444 crore in Q4 FY24, driven by strong interest income and AUM growth. Read more.

NCLT Orders Insolvency Against Subhash Chandra: Zee Chairman Emeritus

April 22, 2024 22:25

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance. The order comes after a loan default...

NCLT Orders Insolvency Against Subhash Chandra

April 22, 2024 21:07

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against media baron Subhash Chandra, a guarantor for a loan given to Essel group firm Vivek Infracon Ltd.

Jana Small Finance Bank Partners with Kotak Mahindra Life for Insurance

April 8, 2024 16:45

Jana Small Finance Bank has partnered with Kotak Mahindra Life Insurance to offer life insurance products to its 52 lakh customers. The partnership provides access to a wide range of life insurance...

Aadhar Housing Finance IPO Gets Sebi Nod: Rs 5,000 Cr

April 8, 2024 15:32

Aadhar Housing Finance, backed by Blackstone, gets Sebi approval for an IPO to raise Rs 5,000 crore. The IPO includes a fresh issue and an offer for sale by Blackstone.

RBI Fines IDFC First Bank, LIC Housing Finance | Latest News

April 5, 2024 19:33

Reserve Bank of India (RBI) has penalized IDFC First Bank and LIC Housing Finance for violating certain norms related to loans and advances. Read more.

Bank, NBFC Stocks Gain After RBI Rate Hold

April 5, 2024 17:26

Bank and NBFC stocks rose after the Reserve Bank of India kept interest rates unchanged for the seventh time. Key players like Kotak Mahindra Bank and HDFC Bank saw gains.

Securitisation Growth Slows to 4% in FY24: Icra

April 4, 2024 13:32

Securitisation volume growth slowed to 4% in FY24, reaching Rs 1.88 lakh crore, impacted by the HDFC merger. Icra expects volumes to cross Rs 2 lakh crore in FY25.

Kedaara Capital, Partners Group Sell Aavas Financiers Stake for Rs 1,369 Crore

March 5, 2024 20:30

Kedaara Capital and Partners Group have sold a 12.6% stake in Aavas Financiers for Rs 1,369 crore through open market transactions. The shares were sold within the price range of Rs 1,370-1,370.20...

SFB Securitisation to Hit Rs 10,000 Cr in FY24: ICRA

March 5, 2024 15:43

ICRA expects securitisation by small finance banks (SFBs) to surpass Rs 10,000 crore in FY2024, driven by strong credit demand and diversification of funding sources.

LIC Housing Finance Plans Green Bonds for Sustainable Housing

March 3, 2024 14:37

LIC Housing Finance will issue green bonds in FY25 to fund environmentally sustainable housing projects. The company also aims to reach a net profit of Rs 5,000 crore by FY24.

LIC Housing Finance Targets Rs 5,000 Cr Profit in FY24

February 25, 2024 13:03

LIC Housing Finance expects a robust net profit of Rs 5,000 crore in FY24 driven by strong loan demand and expansion in non-core business. The company also highlights its focus on affordable...

Sebi Attaches DHFL Promoters' Accounts for Disclosure Violations

February 22, 2024 15:52

Sebi has ordered the attachment of bank and demat accounts of Dheeraj and Kapil Wadhawan, former DHFL promoters, to recover dues exceeding Rs 22 lakh due to disclosure violations.

RMBS Development Company to Launch Next Month

February 13, 2024 21:36

NHB-promoted RMBS Development Company is set to launch next month with an initial equity capital of Rs 500 crore. The company will invest in and facilitate trading of residential mortgage-backed...

LIC Housing Finance Aims to Double Affordable Housing Loans

February 5, 2024 14:45

LIC Housing Finance plans to increase affordable housing loans to 20-25% of its loan book within two years, driven by government initiatives and strong market demand.

LIC Housing Finance Q3 Profit Surges to Rs 1,163 Crore

February 2, 2024 23:34

LIC Housing Finance reported a significant jump in profit for the third quarter ended December 2023, driven by strong growth in interest income. The company's total income and capital...

Indiabulls Housing Rights Issue Opens Feb 7 - Rs 3,693 cr

February 2, 2024 21:45

Indiabulls Housing Finance announces a Rs 3,693 crore rights issue opening on February 7. The issue price is fixed at Rs 150 per share. Learn more about the details and key dates.

RBI Fines Bajaj Housing Finance Rs 5 Lakh for Regulatory Violations

February 2, 2024 20:57

The Reserve Bank of India has imposed a penalty of Rs 5 lakh on Bajaj Housing Finance for non-compliance with certain regulatory provisions related to changes in management. The penalty is based on...

Aadhar Housing Files Rs 5,000 Cr IPO: Blackstone-Backed Firm Seeks Listing

February 2, 2024 15:11

Aadhar Housing Finance, backed by Blackstone, files IPO papers with SEBI seeking to raise Rs 5,000 crore. The IPO includes a fresh issue and an offer-for-sale by Blackstone affiliate.

Aadhar Housing Files Rs 5,000 Cr IPO: Blackstone-Backed Firm

February 2, 2024 14:30

Aadhar Housing Finance, backed by Blackstone, files IPO papers with Sebi to raise Rs 5,000 crore. The IPO includes a fresh issue and an offer-for-sale by Blackstone.

Interim Budget 2023: Economists' Reactions

February 1, 2024 20:23

Economists from leading financial institutions weigh in on the Indian interim budget, highlighting key aspects like fiscal prudence, infrastructure spending, and rural development.

Interim Budget 2023: Industry Reactions & Key Highlights

February 1, 2024 18:46

Experts weigh in on India's interim Budget, praising infrastructure focus, fiscal prudence, and support for startups, women, and farmers. Read about key announcements and industry reactions.

Budget 2023: Real Estate Sector Reacts with Cautious Optimism

February 1, 2024 15:45

The Indian real estate sector reacted with cautious optimism to the Interim Budget 2023, with experts highlighting the potential boost for affordable housing and infrastructure development.

HUDCO Shares Surge on 2 Crore PMAY Homes Announcement

February 1, 2024 13:17

HUDCO shares hit a 52-week high after the Finance Minister announced building 2 crore more houses for rural poor under PM Awas Yojana (Grameen).

Piramal Enterprises Reports Q3 Loss: RBI Norms Hit

January 29, 2024 18:17

Piramal Enterprises Ltd. posted a Rs 2,378 crore loss in Q3 due to provisions related to RBI norms on alternative investment funds. Learn more about the impact on the NBFC.

PNB Housing Finance: Investment Opportunities V Exits Stake for Rs 2,106 Cr

January 25, 2024 22:01

Singapore-based investor Investment Opportunities V Pte sold its entire 9.88% stake in PNB Housing Finance for Rs 2,106 crore through an open market transaction. Asia Opportunities V (Mauritius)...

Shriram Finance Profit Up, Asset Quality Slips

January 25, 2024 20:42

Shriram Finance reported a 2.3% rise in profit for the December quarter, but asset quality slipped with stage 3 gross assets rising to 8.08%.

PNB Housing Finance Q3 Profit Up 26% to Rs 338 Cr

January 24, 2024 20:56

PNB Housing Finance reported a 26% jump in net profit for the third quarter ended December 2023, reaching Rs 338 crore. Total revenue and income moderated, while Gross NPAs declined to 1.73% as of...

Bank Credit Growth Projected at 15% in FY24, 12% in FY25: Icra

January 24, 2024 13:59

Icra forecasts bank credit expansion to reach 15% in FY24, followed by a slowdown to 12% in FY25, driven by global headwinds and deposit mobilization challenges. Read more.

SMFG Grihashakti Secures Rs 300 cr from NHB for Affordable Housing

January 23, 2024 17:01

SMFG Grihashakti, an affordable housing finance company, secures Rs 300 crore funding from NHB to expand its financing solutions for underserved populations.

Sebi Demands Rs 10.6 Lakh From DHFL Promoters

January 18, 2024 18:51

Sebi has issued demand notices to Dheeraj and Kapil Wadhawan, former DHFL promoters, for Rs 10.6 lakh each for violating disclosure norms. The regulator has warned of asset seizure and arrest if...

RBI Tightens Norms for HFC Public Deposits

January 15, 2024 18:56

The Reserve Bank of India proposes new regulations for housing finance companies (HFCs), reducing the maturity period for public deposits to 5 years and increasing liquid asset requirements.

LIC to Invest in NHB-Promoted Company for Residential Mortgages

January 8, 2024 20:15

LIC board approves acquiring up to 10% stake in a new company promoted by the National Housing Bank for residential mortgage-backed securities.

Securitisation Volume Down 17% in Q3, Up 20% in 9 Months

January 5, 2024 21:25

Securitisation volume fell 17% in Q3 to Rs 38,000 crore but rose 20% in the first nine months. Analysts expect growth to continue despite a tepid Q3.

True North Sells Zydus Wellness Stake for Rs 127 cr

December 28, 2023 21:54

Private equity firm True North's arm Threpsi Care LLP has divested a 1.23% stake in Zydus Wellness for Rs 127 crore through an open market transaction.

RBI Urges NBFCs to Diversify Funding, Reduce Bank Reliance

December 27, 2023 19:42

The Reserve Bank of India has advised non-bank finance companies (NBFCs) to broaden their fundraising sources and minimize dependence on banks, emphasizing the need for robust corporate governance...

Piramal Enterprises Confident on AIF Investment Recovery - Business Standard

December 21, 2023 18:54

Piramal Enterprises is confident of recovering investments in AIFs following RBI guidelines. The company will adjust Rs 3,164 crore in its financial statements due to the impact of the new...

Bandhan Bank Transfers Housing Finance NPAs to Asset Reconstruction Co

December 21, 2023 14:19

Bandhan Bank has approved a proposal to transfer its housing finance NPAs to an asset reconstruction company. The outstanding amount to be transferred is Rs 775.62 crore.

India Shelter Finance Debuts with 12.5% Premium

December 20, 2023 16:41

India Shelter Finance Corporation Ltd shares ended their debut trade with a 12.5% premium on the BSE and NSE, exceeding their issue price. The IPO was oversubscribed 36 times.

India Shelter Finance Shares Debut with 26% Premium

December 20, 2023 11:16

India Shelter Finance Corporation Ltd shares listed on Wednesday with a premium of nearly 26% against the issue price of Rs 493. The IPO received 36.62 times subscription.

SMFG Grihashakti Expands in Telangana, Plans 3-5 New Branches by FY25

December 19, 2023 21:38

SMFG Grihashakti, a housing finance company, plans to expand its presence in Telangana by adding 3-5 new branches and improving its distribution network by FY25. The company aims to provide...

India Shelter Finance IPO Oversubscribed 36.62 Times

December 15, 2023 18:49

India Shelter Finance Corporation's IPO received a strong response, getting subscribed 36.62 times on the final day. The offer included a fresh issue of Rs 800 crore and an OFS of Rs 400 crore.

India Shelter Finance IPO Oversubscribed 4.34 Times

December 14, 2023 18:39

India Shelter Finance IPO received 4.34 times subscription on Day 2, with strong interest from non-institutional investors and retail investors. The IPO aims to raise Rs 1,200 crore.

India Shelter Finance IPO Subscribed 1.48 Times

December 13, 2023 19:10

India Shelter Finance Corporation IPO received 1.48 times subscription on Day 1. The IPO, priced at Rs 469-493 a share, received bids for 2,65,05,630 shares against 1,79,10,449 shares on offer.

India Shelter Finance IPO: Rs 360 cr From Anchor Investors

December 12, 2023 22:30

India Shelter Finance, an affordable housing finance company, has raised Rs 360 crore from anchor investors ahead of its IPO, which opens for subscription on December 13.

Company Name
Price
Volume

Vodafone Idea L
6.81 ( -1.73)
117225274

Srestha Finvest
0.48 ( -4.00)
23917778

G G Engineering
0.81 ( -2.41)
23181029

Shangar Decor
1.11 (+ 4.72)
20087292

Guj. Toolroom Lt
1.40 ( -4.76)
17858668

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Search result for 'housing finance'

Bain Capital to Acquire 26% in Manappuram Finance

Bain Capital Acquires 18% Stake in Manappuram Finance for Rs 4,385 Crore

Sundaram Home Expands in Chennai, Aims for Rs 50 Cr Disbursements

Housing Loans Surge 14% to Rs 33.53 Lakh Crore in Q2FY24: NHB

LIC Housing Finance Approves Rs 1.23 Lakh Cr Borrowing Budget for FY26

Sundaram Home Finance Opens 50th Branch, Eyes Expansion

Sebi Allows NBFCs to Invest in Security Receipts - Boosting Distressed Asset Market

Sundaram Home Finance Targets Rs 400 Cr Disbursements in Emerging Business

RBI Fines Citibank Rs 39 Lakh for Regulatory Violations

NCLT Admits Insolvency Against AVIOM India Housing Finance

CCI Approves Merger of Chaitanya India Fin Credit & Svatantra Holdings

Tribeca Developers Appoints Vaibhav Agarwal as Executive Director

RBI Urges NBFCs to Prioritize Customer Fairness

Godrej Capital AUM to Double to Rs 30,000 cr by 2026

Aadhar Housing Finance Q3 Profit Up 17% to Rs 239 Cr

India Budget 2025: Experts Expect Incentives, Fiscal Prudence

RBI Files for Aviom India Housing Insolvency

Aditya Birla Housing Finance Raises Rs 830 cr from IFC

RBI Supersedes Aviom India Housing Board: Governance Concerns

Piramal Enterprises Q3 Profit: Rs 39 cr, RBI Approves Name Change

PNB Housing Finance Profit Jumps 43% in Q3

Sundaram Home Finance Targets Rs 50 Cr Disbursements in Chennai

MobiKwik Partners Piramal Finance for Personal Loans

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Truhome Finance: Shriram Housing Finance Rebrands

SFB NPAs to Rise, Loan Growth to Slow in FY25: Icra

IMGC & GIC Housing Finance Partner for Mortgage Guarantee-Backed Home Loans

Bank Profits to Moderate in FY26 as Bad Assets Rise: Ind-Ra

DHFL Loan Scam: 5 Accused Seek Pardon in Delhi Court - Jan 13 Hearing

Budget Wishlist: Financial Sector Seeks Tax Breaks, Market Reforms

Corporate India in 2024: Mergers, Farewells, and Controversies

HDFC Bank Executes First Gold Forward Deal from GIFT City

ADB Invests USD 70 Million in Vastu Housing for Affordable Homes

IPO Boom in India: Record Rs 1.6 Lakh Cr Raised in 2024

Aditya Birla Housing Fin Partners with NHB for PM Awas Yojana

Shriram Finance Sells Housing Finance Arm to Warburg Pincus for Rs 3,929 cr

Shubham Housing Raises Rs 1,000 Cr Led by Multiples

Aadhar Housing Finance Expands in Rajasthan with 5 New Branches

Aadhar Housing Finance AUM to Exceed Rs 25,000 Cr by March 2025

IPO Frenzy Next Week: 11 Companies to Raise Rs 18,500 Cr

Axis Bank Launches ARISE Women's Savings Account

Affordable Housing Shortage in India: 31.2 Million Units by 2030

Affordable Housing Shortage to Reach 31.2 Million Units by 2030

PNB Housing Aims for Rs 5,000 Cr Affordable Loan Book by FY25

Home First Finance Stake Sold for Rs 1,728 Crore

IPO Boom: 10 Companies to Raise Rs 20,000 Cr in December

Sundaram Home Finance Expands to Tier-III Towns in Western TN

IITL Launches Rs 500 Cr Real Estate AIF - India News

MSCI India Index Adds BSE, Oberoi Realty, Voltas

Aptus Value Housing Finance Q2 Profit Up 22% to Rs 182 cr

Aptus Value Housing Reports Q2 Profit of Rs 181.96 Cr

IIFL Finance Rating Affirmed by Fitch After RBI Lifts Gold Loan Ban

HDFC Standard Life Buys PNB Housing Shares | Rs 90 Crore Deal

LIC Housing Finance Q2 Profit Rises 11% | Latest News

Piramal Enterprises Q2 Profit Triples, Flags Credit Risks

Mahindra Finance Q2 Net Profit Up 36%: Strong Growth in September Quarter

Bajaj Finance Q2 Profit Rises 13% to Rs 4,014 Cr

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Bajaj Housing Finance Q2 Profit Up 21% to Rs 546 Crore

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HDFC Execs Launch Home Loan Venture, Secure Rs 800 Cr

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

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M3M Group Cuts Debt by 65% to Rs 1,302 Cr | Strong Sales Drive Reduction

Piramal Capital Raises USD 150 Million from Bond Sale

Vishal Mega Mart, ACME Solar, Mamata Get Sebi IPO Approval

IPO Rush: Hyundai, Swiggy, NTPC Lead Rs 60,000 Cr Fundraise

HDB Financial Services Prepares for IPO: RBI Listing Requirement

Sebi Fines Anmol Ambani Rs 1 Crore in Reliance Home Finance Case

India IPOs: Busiest Month in 14 Years | RBI Bulletin

HDFC Bank Approves Rs 2,500 Crore IPO for HDB Financial Services

EQT Acquires Indostar Home Finance for Rs 1,750 Crore

Bajaj Housing Finance Shares Decline After Rally

Naspers Gets CCI Clearance for Vastu Housing Stake

Bajaj Housing Finance Shares Surge 10% on Debut

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