Page 6 - Housing Finance

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

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'.