Borrowers need not have to avail the entire sanctioned loan amount. If they opt for a lesser amount, that will be the disbursed amount. Which of the two amounts banks will use for calculating interest rate is what matters.
The early sanction and disbursement will help create better infrastructure in Tier 2 and Tier 3 cities, he said at an event organised to mark the 35th anniversary of National Housing Bank (NHB).
The company had achieved loans disbursal of Rs 34,000 crore last fiscal, LIC Housing Finance MD and CEO Sunita Sharma said.
The net interest margin for Dewan Housing has grown 43.7% to Rs 124 crore this quarter. Announcing the quarterly results of the company, Prashant Chaturvedi tells CNBC-TV18 that NPAs have gone down this quarter.
The rate sensitive auto sector has been one of the most battered down in the near-crisis situation of the financial market. Speaking to CNBC-TV18, Sanjay Chamria, VC and MD of Magma Fincorp reveals that they do see shrinkage in demand for auto sector loans on a macro-level.