MCA fixes debt to capital, free reserves ratio for certain cos

Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance activities.

Bajaj Finance gets NHB nod to start housing finance company

Diversified non-bank lender Bajaj Finance Tuesday said it has received regulatory approvals to set up a housing finance company.

Indiabulls Housing Finance Q1 net rises 21% to Rs 511 cr

Indiabulls Housing Finance Tuesday reported a 20.65 percent growth in consolidated net profit at Rs 511.27 crore for the quarter ended June 30.

HDFC Q4 net profit up 9.6% at Rs 2,646 crore

Housing finance lender HDFC Ltd on Wednesday reported a 9.6 percent increase in its consolidated net profit at Rs 2,646.35 crore for the quarter ended March 31, 2015.

HDFC to raise up to $500 million from ECB

Housing Finance company HDFC Ltd Friday said it has got RBI clearance to raise up to USD 500 million (about Rs 3,100 crore) as External Commercial Borrowing (ECB) to fund its business growth.

DHFL appoints Mehta as its CEO, Tripathi as CEO of Aadhar HFC

Housing finance company DHFL today said it has appointed Harshil Mehta as the new Chief Executive and Deo Tripathi as the Chief Executive of Aadhar HFC.

Mannapuram plans to enter SME, housing finance biz

Following the Reserve Bank's concern over 'concentration risk', gold loan major Mannapuram Finance on Thursday said it will be diversifying into lending for small businesses and housing finance.

Housing finance cos rule out reduction in lending rates

Leading housing finance companies like HDFC and LIC Housing Finance Wednesday ruled out immediate reduction in their lending rates citing higher cost of funds.

LIC HF plans to disburse 10% of total loan to developers

LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC) plans to disburse around 8-10 percent of its total loan portfolio to developers by the end of this fiscal, a top company official said.

NHB cuts interest rate on refinance by up to 1%

For loans between Rs 2 to 5 lakh, the rate would be 0.75% lower at 9.25%.

Assocham asks SEBI to classify housing fin companies separately

Capital markets regulator Sebi should classify housing finance companies as a separate sector from NBFCs to attract more fund flows from mutual funds than the prescribed limit for Non-Banking Financial Companies, industry body Assocham said on Thursday.

LIC Housing Finance Q2 net up 25.85% to Rs 171.24 cr

LIC Housing Finance Thursday said its net profit rose by 25.85 per cent to Rs 171.24 crore for the second quarter ended September 30, against the same period
last fiscal.