Housing Finance Companies
Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged
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.
 "Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged")
Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%
Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers
 "Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%")
HFCs to move regulator, govt to address rate hike and other industry issues
Also plan to take up issues such as impact of IRAC norms, status of Automatic Data Flow requirement, among others
 "HFCs to move regulator, govt to address rate hike and other industry issues")
Slippages from restructured NBFC book increased in H1FY23, says Icra
Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23
 "Slippages from restructured NBFC book increased in H1FY23, says Icra")
Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit
The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates
 "Hemmed in by interest rate hikes, HFCs see 19% dip in Q2 net profit")
Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr
Impairments on financial instruments double YoY; income from operations almost flat at Rs 2,229.7 cr
 "Indiabulls Finance Q2 consolidated net up marginally to Rs 289.4 cr")
Housing finance companies likely to grow at 10-12% in FY23: Report
The upwards revision of the growth of HFCs was in expectation of a continued improvement in disbursements.
 "Housing finance companies likely to grow at 10-12% in FY23: Report")
NBFCs, HFCs securitisation volume doubled to Rs 33k cr in April-Jun: Report
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
Life may get tougher for mid, small size HFCs amid rising rates: Analysts
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
 "Life may get tougher for mid, small size HFCs amid rising rates: Analysts")
Asset quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: Icra
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
 "Asset quality in NBFCs, HFCs improves in Q4FY22 on lower slippages: Icra")
Affordable housing finance cos loan book to grow 17-20% in FY23: Study
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.
 "Affordable housing finance cos loan book to grow 17-20% in FY23: Study")
Housing finance major HDFC pares 3% stake in Bandhan Bank for Rs 1,521 cr
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
 "Housing finance major HDFC pares 3% stake in Bandhan Bank for Rs 1,521 cr")
SBI inks co-lending pact with five HFCs for affordable housing
SBI expects to grow home loan book to Rs 7 trn by 2024
 "SBI inks co-lending pact with five HFCs for affordable housing")
Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil
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
 "Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil")
HFCs report 7.4% rise in Q2 net profit; net operating income up by 15.1%
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)
 "HFCs report 7.4% rise in Q2 net profit; net operating income up by 15.1%")
Housing finance companies to grow at 8-10% in FY22, says report
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
 "Housing finance companies to grow at 8-10% in FY22, says report")
BS BFSI Insight Summit: NBFCs ready to harness growth, says Vishwanathan
Says RBI deserves part of the credit because of strong regulatory framework
 "BS BFSI Insight Summit: NBFCs ready to harness growth, says Vishwanathan")
Indiabulls Housing Finance books Rs 500 crore of co-lending business
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
 "Indiabulls Housing Finance books Rs 500 crore of co-lending business")
Market cautious on HFCs; concerns over growth, asset quality weigh
The major players all seem confident of fast revival in demand once conditions normalise
 "Market cautious on HFCs; concerns over growth, asset quality weigh")
Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22
Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts
 "Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22")
