Housing Finance Companies

SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.

Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers

Also plan to take up issues such as impact of IRAC norms, status of Automatic Data Flow requirement, among others

Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23

The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates

Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr

The upwards revision of the growth of HFCs was in expectation of a continued improvement in disbursements.

Securitisation volumes originated by Non-Banking Financial Companies (NBFC)s and Housing Finance Companies (HFC)s have almost doubled to around Rs 33,000 cr in the first quarter of the current year

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

The standard restructured book of NBFCs is estimated to have reduced to 2.7-3 per cent in March 2022 from the peak of 4.5 per cent in September 2021

Affordable housing finance companies' (AHFCs) loan book is likely to expand by 17-20% in FY23, supported by the government's higher focus on housing and a favourable tax regime, says a report.

According to bulk deal data available with the BSE, Housing Development Finance Corporation (HDFC) sold a total of 4,96,32,349 shares, amounting to 3.08 per cent stake, of Bandhan Bank

SBI expects to grow home loan book to Rs 7 trn by 2024

Growth would still be higher by about 1-2% over fiscals 2020 and 2021. But it would be slower than the broad-based 24% logged between fiscals 2011 and 2019

Sequentially, 10 listed HFCs booked a 26.1 per cent growth in net profit over Rs 3,975 crore in June 2021 (Q1 of FY22)

Housing finance companies (HFCs) are likely to witness a growth of 8-10 per cent in fiscal 2022 helped by rise in economic and higher demand, says a report

Says RBI deserves part of the credit because of strong regulatory framework

At the start of FY22, the mortgage lender tweaked the business model to incrementally focus on the co-lending space by sharing risks and loan book with other banks or housing finance companies

The major players all seem confident of fast revival in demand once conditions normalise

Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts