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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.
In Q2FY25, PNB Housing Finance reported a robust net profit of Rs 470 crore, reflecting a 23% year-on-year growth. With significant improvements in asset quality and an 11% increase in assets under management, the company is making strides in the retail loan sector. This post delves into the key factors behind its impressive performance and the market's reaction to the results.
Bajaj Housing Finance has reported robust Q2FY25 results, showcasing a 21% rise in net profit and a remarkable 26% increase in assets under management. With strong risk management and operational efficiencies, the company continues to impress investors post-IPO, making it a significant player in the financial sector. Dive into the details of its performance and what lies ahead.
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
LIC Housing Finance has successfully accepted bids worth ₹17.30 billion for the reissue of its 7.61% bonds maturing in 2034. This strategic move not only strengthens the company’s financial position but also signals confidence in the Indian housing market. In this blog, we delve into the details of the bond issuance, its implications for investors, and the broader trends in the housing finance 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.
India Shelter Finance Corporation Ltd. celebrates a significant milestone with its upgraded CARE AA-/Stable rating from CARE Ratings Limited. This accolade underscores ISFCL's steadfast commitment to financial stability and growth in the affordable housing sector. Explore how this achievement enhances ISFCL's credibility and supports its mission to provide accessible housing finance solutions across India.
Piramal Finance, a leading non-bank lender in India, celebrates a significant milestone as its retail assets under management surpass the Rs 50,000 crore mark. This achievement reflects a robust 132% growth in retail loans since March 2022, with a substantial focus on affordable housing, underscoring its commitment to supporting accessible housing solutions across the country. Learn how Piramal Finance has achieved a remarkable feat by exceeding Rs 50,000 crore in retail assets under management, driven by a strategic expansion in affordable housing financing. This milestone highlights Piramal Finance's pivotal role in the financial sector, particularly in fostering sustainable and inclusive growth through tailored lending solutions. Explore Piramal Finance's journey to surpassing Rs 50,000 crore in retail assets under management, propelled by a significant increase in retail loans, predominantly supporting affordable housing initiatives.
Sundaram Home Finance, a beacon in the housing finance sector, shines with a Q4 net profit of Rs 57 crore, while disbursements scale new heights, breaching the Rs 5,000 crore milestone. In the realm of finance, Sundaram Home Finance emerges as a frontrunner, boasting a formidable Q4 performance with a net profit of Rs 57 crore and disbursements crossing the Rs 5,000 crore mark. Experience the resilience of Sundaram Home Finance as it navigates market challenges, showcasing a Q4 net profit of Rs 57 crore and disbursements surging past Rs 5,000 crore, reaffirming its industry leadership. Sundaram Home Finance sets the pace with its Q4 financial results, boasting a net profit of Rs 57 crore and disbursements exceeding Rs 5,000 crore, a testament to its unwavering commitment to excellence. Step into the realm of financial success with Sundaram Home Finance's Q4 triumph: a net profit of Rs 57 crore and disbursements breaching the Rs 5,000 crore mark, signaling a journey of growth and prosperity. Witness Sundaram Home Finance's Q4 journey unfold, marked by a stellar net profit of Rs 57 crore and disbursements crossing Rs 5,000 crore, illustrating its resilience and market dominance. Embark on a journey of financial empowerment with Sundaram Home Finance: Q4 brings a net profit of Rs 57 crore and disbursements soaring past Rs 5,000 crore, paving the way for homeownership dreams. Sundaram Home Finance's Q4 performance speaks volumes: with a net profit of Rs 57 crore and disbursements exceeding Rs 5,000 crore, it sets the stage for a promising future in the housing finance landscape. Dive into Sundaram Home Finance's Q4 highlights, where a net profit of Rs 57 crore and disbursements surpassing Rs 5,000 crore showcase its resilience, innovation, and commitment to customer satisfaction.