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IIFL Home Finance proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.
'The housing market will continue to remain resilient and grow this year, flagged by a strong underlying end user demand and growth of smaller cities,'
Sundaram Home Finance is a leading player in the housing finance sector and has 107 branches across the country.
In view of the pandemic, and also in order to maintain adequate liquidity, NBFCs increased their cash and bank balances significantly during the year, RBI report said
Positive management commentary from M&M Finance and Shriram Transport bodes well; sustenance is key
Home financier DHFL owes an estimated Rs 90,000 crore to banks, National Housing Bank and other creditors
US-based PE fund Blackstone bought a marquee property in tony Bandra Kurla Complex area of Mumbai from Radius Developers for Rs 2,600 crore
Project delays, stretched balance sheets impacting asset quality indicators of HFCs