Page 2 - Housing Finance Companies

NPAs of NBFCs, HFCs may rise to 4.5-5% by March 2022, says Icra

Restrictions in movements imposed by various states are likely to impact collections of NBFCs and HFCs, which may see NPAs rising to 4.5-5 per cent by March 2022, says a report

LIC Housing wins in valuation, but its asset quality a drag: Analysts

Lender's capitalisation may restrict growth and it's asset quality could be worse if a Supreme Court order is disregarded.

RBI issues directions for HFCs to maintain liquidity, asset classification

RBI came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies.

Home First Finance lists at 19% premium over issue price of Rs 518

The Rs 1,154 crore initial public offer (IPO) by the firm that ran between January 21-January 25 was subscribed 27 times

Budget Byte: NBFCs may need liquidity support from PSBs for commercial flow

This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging

RBI's regulation to improve risk management, governance of HFCs: Experts

The Reserve Bank of India's (RBI) revised regulatory framework for the housing finance companies (HFCs) will help them improve risk management and governance and thus become financially sound to withs

LIC Housing Finance biz back to pre-Covid levels: MD Siddhartha Mohanty

The business done by the company in September is not only better than the previous year but also the best for the company in the same period, he said.

NBFCs pin hope on festive season for revival in credit disbursals

Collection efficiency of non-banking lenders and housing finance companies picks up

LIC Housing plans to raise Rs 50,500 crore by issuing debt securities

The proposal will be taken up at its annual general meeting on September 28 for approval from shareholders

Sunteck Realty zooms 19%, HDFC up 3% as Maharashtra govt cuts stamp duty

The temporary reduction in stamp duty will likely help support sales of Mumbai-centric players like Oberoi Realty, Godrej Properties and Sunteck Realty, said analysts at Kotak Institutional Equities

'Mortgage-GDP ratio, at less than 10%, is poor'

Another mechanism to promote low-ticket housing is through a safeguard quite like the credit guarantee scheme for micro, small and medium enterprises, which has seen a decent offtake

Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed

PNB, Carlyle to remain invested in PNB Housing, says CEO Neeraj Vyas

The company is cautious on lending to construction, gems and jewellery, hospitality and aviation sectors, says executive

SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

Gross NPAs of HFCs are estimated to increase to 2.5-3% in FY21: Icra

The situation in the non-housing segment is expected to be worse

LIC Housing Finance likely to recover Rs 3,000 crore worth NPAs

The target is to get back about 50 per cent of gross non-performing assets (GNPAs), Managing Director and Chief Executive Siddhartha Mohanty said.

Mortgage norms: Tightened or relaxed?

From 50 per cent, a home finance firm's exposure to retail loans will go down to 37.5 per cent. Instead of a floor for retail loans, should the RBI look for a ceiling for wholesale loans?

RBI draft guidelines will strengthen HFCs, safeguard investor interest

Most listed mortgage lenders already meet the requirements

LIC Housing Finance posts 16% fall in pre-tax profit at Rs 826.72 crore

Its net profit fell sharply, by 40 per cent, to Rs 421.43 crore from Rs 693.58 crore in Q4FY19.

RBI to replace NHB rules with its own set as the new HFC regulator

Central bank sets a formal definition of 'housing finance' in draft released on its website