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India Mortgage Guarantee Corp. (IMGC) has partnered with GIC Housing Finance Ltd. to offer innovative home loan products backed by mortgage guarantees. This collaboration aims to make home loans more accessible and affordable for a wider range of borrowers, including salaried and self-employed individuals, by reducing risk for lenders and offering flexible loan terms.
Bajaj Housing Finance has made waves in the market with its impressive IPO debut and strong Q2 FY25 performance. With Assets Under Management reaching over Rs 1,00,000 crore, the company is well-positioned to meet the growing demand for housing finance. In this blog, we explore its diverse loan offerings, customer service excellence, and what sets Bajaj Housing Finance apart in a competitive landscape
HDFC Bank has taken a significant step by selling a housing loan portfolio worth $717 million to state-controlled banks. This strategic move aims to alleviate regulatory pressures and improve its credit-deposit ratio, which has recently come under scrutiny. Alongside this, the bank has also securitized a pool of car loans, signaling a proactive approach to managing liquidity in a rapidly evolving financial landscape. In this post, we’ll delve into the implications of these transactions for HDFC Bank and the broader Indian banking sector.
Mahindra & Mahindra Financial Services is expanding into the mortgage sector, offering a range of new products including housing finance and home improvement loans. This strategic move involves an investment of up to 300 million rupees to boost IT capabilities and participate in government affordable housing schemes, aiming to enhance their market presence and support national housing goals.
Star Housing Finance Ltd has achieved a notable 70% increase in revenue for the April-June quarter of FY25, reaching Rs 20.96 crore. This impressive growth, driven by a surge in interest income and a significant rise in assets under management, highlights the company’s expanding influence in the semi-urban and rural home finance sector. Explore the factors behind this success and what it signifies for the company's future trajectory.