Page 5 - Housing Finance

Strides will get bigger on the home run

Backed by economic revival, record low interest rates and stable prices, India's residential real estate market is set to see growing demand

Next quarter onwards, hope to see positive growth: PNB Housing Finance CEO

On the retail side, for eight quarters, our portfolio shrank, but this quarter has witnessed flat growth, said CEO Prasad

Home loans grew 76% to Rs 79,043 crore in March quarter, shows data

Property loans also showed 21.9 per cent expansion at Rs 23,418 cr against Rs 19,207 cr in Q4FY20

Home First Finance Q2 net profit rises 213%, total income up 34%

The total income grew 34 per cent to Rs 146 crore in Q2FY22 from Rs 109 crore a year ago.

LIC HF stock sheds 7.3% as Q2 disappoints, but some silver lining too

Stock fell 7.3% on Friday, but some analysts remain bullish on the firm

LIC Housing Finance Q2 net down 69%; impairment expenses rise sharply

Its stock closed 1.1 per cent higher at Rs 440.35 per share on BSE

Affordable housing finance cos loan book grows 10% in June: Report

The AHFC industry's reported gross NPA/Stage 3 (excluding data for one player) stood at 2.1 per cent as of June 30, 2021

Piramal Capital & Housing Finance acquires DHFL via reverse merger

Piramal Enterprises on Friday said its subsidiary, Piramal Capital & Housing Finance Limited (PCHFL), has merged with debt-ridden Dewan Housing Finance (DHFL) after paying Rs 34,250 crore to the creditors of the troubled housing finance company. PCHFL has merged into DHFL with effect from September 30, 2021 pursuant to the reverse merger as contemplated under scheme of arrangement provided under the resolution plan, Piramal Enterprises said in a regulatory filing. "Consequent to the Reverse Merger, DHFL shall issue such number of equity shares to the shareholders of PCHFL i.e. to Piramal Enterprises Limited (PEL), in accordance with the scheme of arrangement provided under the resolution plan," it said. Upon allotment of equity shares to PEL, DHFL will become a wholly-owned subsidiary of PEL, it said, adding, Piramal Enterprises Limited will acquire 100 per cent of the equity share capital in DHFL. "The acquisition is in line with a strategic roadmap to transform and expand ...

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