Housing Finance Companies

Kothuri also said the company has set an internal target is to reach an AUM of Rs 10,000–12,000 crore before exploring an Initial Public Offering (IPO).

RBI makes private placement of NCD regulations for HFCs on par with NBFCs

The revised guidelines shall be applicable to all fresh private placements of NCDs (with maturity more than one year) by HFCs from the date of the circular

Bajaj Finance must leap over a tough quarter even as housing finance IPO sees frenzy

Bajaj Finance will have to wait to use the neat pile of cash it would get from the Bajaj Housing Finance IPO

RBI's new deposit norms unlikely to be onerous for housing finance companies: Crisil

The Reserve Bank of India (RBI) issued revised norms for non-banking financial companies (NBFCs) and HFCs on August 12

Should investors subscribe to Aadhar Housing Finance’s IPO?

The company is well poised to leverage the growth opportunities in affordable housing finance segment

MC Explains: All you need to know about proposed RBI norms for deposit taking housing finance companies

Foreign brokerage Jefferies in its report said that Can Fin Homes, LIC Housing Finance, and PNB Housing will have minimal impact from the proposed norms.

RBI proposes to further harmonise regulations of HFCs and NBFCs

Currently the deposit taking HFCs are required to maintain 13 per cent of liquid assets against public deposits held by them. It has now been decided that all deposit taking HFCs need to maintain liquid assets to the extent of 15 per cent of the public deposits held by them, in a phased manner, the RBI said.

Home First stock tumbles 5% after block deal on nearly 10% equity

According to reports, private equity investors like Warburg Pincus, True North, and Aether was on the block to offload their stake

NHB refinance scheme disbursements surge 84% as liquidity crunch hits money market

The yearly growth was the highest since 2004-05, according to RBI data.

Chart of the Day: Homes may be affordable, but home loans are not

The weighted average lending rate for home loans has risen by 175 bps while that of all loans rose 117 bps since May 2022

RBI’s pause on rate hike to reduce pressure on NIMs of NBFCs, says industry experts

NBFC have been under pressure in the last few months and its strain was felt on the net interest margins due to rising borrowing cost after the RBI’s move to hike the repo rate to fight against inflation.

Banks may race past HFCs in home loan market aided by lower cost of funds, say experts

As per Emkay Global Research, banks’ share of the individual home loan market has been around 64-68 percent, and that of HFCs has been 32-35 percent between 2010 and 2022.

Aptus Value Housing Finance trades 30% below IPO price: Time for Ambit's contrarian call?

Brokerage firm Ambit Capital does not agree with many of its peers who have a buy recommendation on Aptus Value Housing Finance stock

Non-housing loans from housing finance companies to pick up going ahead, say India Ratings

As per the agency, the growth of non- home loans of mortgage companies which was over 29 percent in FY17 has fallen to a mere 0.70 percent in the first nine months of the fiscal.

Repco Home Finance’s valuation undemanding, but re-rating depends on loan growth

Loan book growth outlook positive; further improvement in asset quality on the cards

Repco Home Finance: Strong recovery, momentum to continue

Sharp improvement seen across key metrices in Q2. Although loan book growth remained muted, spreads, margin and returns improved sequentially

What makes Home First a preferred bet in housing finance space?

Home First stands out in the crowded affordable home financing space

Home First Finance aims to raise Rs 2,000 crore in FY23, targets 30 percent AUM growth, says MD Manoj Viswanathan

Demand for affordable housing is genuine and should not be hampered because of higher interest rates, Viswanathan said

Gross NPAs of Housing Finance Companies rise to 3.3% in December, says Crisil

This rise is attributable to Reserve Bank of India’s (RBI) November 12, 2021, clarification on recognition and calculation of NPAs, rather than any real mark-down in asset quality, Crisil said.

Housing finance companies to grow at 8-10% in FY22: Report

In the first quarter of the current fiscal, HFCs registered nil sequential growth in the on-book portfolio as the second wave of COVID-19 impacted their disbursements and collection efficiency (CE), rating agency ICRA Ratings said in a report released on Monday.

Repco Home Finance Q1 hit by second wave, but valuation comforting

Repco is facing multiple issues, which include slower growth, stiff competition from banks and rise in bad loans and restructured assets

Three factors that add value to LIC Housing Finance

Despite the pressure on asset quality, there were some positive readings from the earnings

Ideas For Profit | Can PNB Housing’s stock surge fuel rally in other housing finance companies?

PNB Housing Finance stock has doubled in 6 days after the company’s board approved the preferential issue of equity shares and warrants to private equity firm the Carlyle group along with other investors. Moreover, the news of Aditya Puri, the former CEO of HDFC bank, set to join the lender’s board, is being lauded by the Street. The dazzling rise in stock price has pushed up the valuation to a level which is now pricing in many positives. Investors should be cautious as any potential upside in PNB housing looks limited following the fierce rally, and rather scout for other opportunities in the housing finance sector. Karunya Rao gets a lowdown of some of the low valued quality HFC stocks that could catch-up in terms of valuations.

PNB Housing stock showed the way. Will other HFCs follow suit?

We see PNB Housing’s rally as a key trigger for re-rating of the sector

Experts see these 9 stocks to benefit the most from RBI measures to support economy

Overall, they feel the steps taken by the central bank will be a relief to the financial system.