HFCs are being pushed into it because of the higher focus of banks in the overall home loans segment on subdued credit demand from corporates and asset quality pressures
Growth likely to pick up further on the back of affordable housing segment
The company has sanctioned in excess of Rs 10,000 crore of wholesale (developer) loans in Delhi-NCR market.
Owning a house of our own is something we all dream of. In this episode of Quest for Excellence, we delve into the success story behind India’s fastest growing housing finance company, PNB Housing Finance.
The following article is an initiative of PNB Housing Finance Limited and is intended to create awareness among the readers.
The company's net profit stood at Rs 79.2 crore during the April-June period of 2016-17
Nomura believes that Q1FY18F PPOP challenges will continue and expects stable asset quality for rural financiers and stable stress levels for corporate banks with buys on BoB, Axis Bank and Shriram Transport Finance.
Above Rs 340, Adani Ports may hit Rs 370, stay with housing finance, says Ashwani Gujral of ashwanigujral.com.
From a total issue size of 20,40,58,747 shares, the issue received bids for 8,73,93,000 shares, according to data available on NSE’s website.
The monthly home loan installment (EMIs) will soon come down by almost Rs 2000 if your first home falls in a city or town under the Pradhan Mantri Awas Yojana (PMAY) and if you fall in the income bracket of Rs 12-18 lakh.
The divestment is seen as a part of the monetization process of non-core assets of Canara Bank, the company said in a statement to the exchanges.
State-owned Canara Bank has invited bids to sell 13.45 percent stake in its housing finance arm Can Fin Homes, to reduce its shareholding to 30 percent as per the government diktat.
Demonetisation is not purely the reason for the slightly slower demand for housing loans, says Keki Mistry MD & CEO of HDFC In an interview to CNBC-TV18.
Speaking to CNBC-TV18, Sanjaya Gupta, Managing Director of PNB Housing Finance, said the retail segment had driven loan growth in the third quarter.
Curbing of speculative activities in the realty sector after the establishment of a regulator is expected to adversely impact the housing finance companies, a Reserve Bank report said today.
Strength in all three business â€“ broking, asset management and housing finance â€“ along with a favourable business mix helped post a strong second quarter says Raamdeo Agrawal, Joint MD at Motilal Oswal Financial Services.
In next one or two quarters, stressed asset levels will come down to 3.2-3.3 percent, said Sam Ghosh, ED & Group CEO of Reliance Capital.
CanFin Homes, the housing finance arm of public lender Canara Bank, today reported a rise of 55.6 per cent in its net profit at Rs 55.06 crore for the second quarter ended September.
The company is focused on affordable housing in North and Central India and provides housing finance access to families with low, informal income.
Siddharth Purohit, Angel Broking prefers Axis Bank over other large private banks. He expects around 20 percent loan growth for Axis Bank in the third quarter of FY17. He also sees no incremental worsening with respect to asset quality for the bank.
Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
Sandhya Suku, of Tavant Technologies (a Silicon Valley-based mortgage technology company), has been selected as one of the most influential women in the housing industry. Bangalore-based Suku is one of the 43 women recognised R
The financial services arm of Anil Ambani-led Reliance Group would retain 51 percent stake in the separately listed venture while 49 percent equity in Reliance Home Finance will be alloted "free of cost" to nearly 1 million shareholders of Reliance Capital".
Talking about the overwhelming response seen by the issue, Kapil Wadhawan, CMD, DHFL says it would be a game-changer not only for the company but for the industry as a whole.
The housing finance firm will be issuing secured redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 4,000 crore, the company said in a statement here. The issue size is Rs 1,000 crore with an option to retain over-subscription up to Rs 4,000 crore, it said.