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Banks to benefit more than HFCs through long-term bonds: Icra

Last Updated: Thursday, July 17, 2014, 18:01

The incentives announced by the RBI "are likely to have a positive impact on banks' competitive position vis-a-vis the housing finance companies", it said in a note.

Indiabulls Housing Fin to raise Rs 4,500 cr via bonds in FY'15

Last Updated: Sunday, May 04, 2014, 21:13

In 2013-14, it raised Rs 10,525 crore through the bond issuance route, which contributed to 26 percent of the incremental borrowing done by the company.

HDFC plans to raise $300 mn

Last Updated: Friday, January 10, 2014, 17:00

Housing Finance firm HDFC Ltd today said it plans to raise USD 300 million through external commercial borrowing (ECB) to fund its expansion.

Mannapuram plans to enter SME, housing finance biz

Last Updated: Thursday, December 26, 2013, 15:41

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.

DLF completes sale of 74% stake in life insurance JV to DHFL

Last Updated: Wednesday, December 18, 2013, 23:24

In July this year, DLF had announced exit from the life insurance business by selling its entire 74 percent stake in the JV with US insurance giant Prudential Financial. The JV was announced in 2007 and started operation in September 2008.

LIC Housing Q2 net up 28% at Rs 310 cr on income, margin growth

Last Updated: Wednesday, October 30, 2013, 22:35

LIC Housing Finance (LICHF) Wednesday reported 28 percent rise in net profit at Rs 310.07 crore for the second quarter ended September 30, driven by an equal quantum of increase in interest income and better margin.

For JPMorgan, ending criminal probe proves impossible for now

Last Updated: Monday, October 21, 2013, 09:16

JPMorgan Chase & Co CEO Jamie Dimon has pleaded with and complained to the US Justice Department but cannot convince the government to end its criminal probe of his bank because prosecutors are not yet certain of their findings, people familiar with the matter said.

Muthoot Housing Finance eyes Rs 300 cr biz this fiscal

Last Updated: Sunday, September 29, 2013, 14:56

The company is present in 17 cities across seven states.

Indiabulls Housing Finance to raise Rs 10,500 cr debt in FY14

Last Updated: Sunday, August 11, 2013, 16:39

The housing finance firm had reported an increase of 31.35 percent in its June quarter net at Rs 351.5 crore due to a healthy increase in core net interest income.

IRDA relaxes investment norms for housing, infra finance firms

Last Updated: Friday, August 09, 2013, 18:52

Housing finance companies and infrastructure finance companies will get higher funding from the insurance companies as the sector regulator IRDA has relaxed investment norms for these firms.

US regulator announces $885 million settlement with UBS

Last Updated: Friday, July 26, 2013, 09:17

A US regulator on Thursday said it reached an USD 885 million settlement with UBS over allegations the bank misrepresented mortgage-backed bonds that were sold to Fannie Mae and Freddie Macduring the housing bubble.

Indiabulls Housing Finance Q1 Net down 4.4%

Last Updated: Tuesday, July 23, 2013, 20:22

Indiabulls Housing Finance on Tuesday reported 4.4 percent fall in consolidated net profit to Rs 351.49 crore in the first quarter ended June 30, 2013.