Page 4 - Iifl

'Kutumb': IIFL announces launch of next phase of green affordable housing

IIFL Home Finance on Thursday announced the launch of the sixth edition of 'Kutumb' initiative that focuses on promoting "green affordable housing"

IIFL Finance raises Rs 100 crore through NCDs on private placement basis

IIFL Finance said the NCDs will be listed on the National Stock Exchange

JioMart likely to clock Rs 4,000-crore in yearly sales: IIFL Securities

While RIL Chairman Mukesh Ambani had said during the company's annual general meeting last month that orders per day were 250,000, according to IIFL, the figure is now 400,000

IIFL Securities Q1 PAT drops 67% to Rs 41.5 cr; total income down 4%

Total income stood at Rs 178.3 crore for the quarter under review, down 4 per cent from Rs 185 crore reported in the April-June period of 2019-20

Sobering reality, negative sentiment: Analysts' view of Moody's downgrade

Here's how leading analysts have interpreted the development and its likely impact on the markets.

We don't see a lot of upside in equities from current levels: Venkataraman

While we await full details and the implementation of the announcements, some of the policy steps to improve funding access to non-banking financial companies (NBFCs) are positive

YES Bank rescue plan: How brokerages have interpreted the proposals

Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank

Moody's Investors Service, Fitch Ratings give stable outlook to IIFL

The agency has also assigned a 'BB-' rating to IIFL's USD 1-billion medium-term note (MTN) programme

Top headlines: ADB cuts India growth forecast, IIFL's opportunity, and more

The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress

IIFL sees opportunity in crisis, bets on beleaguered financial sector

Defaults that began in 2017 with the IL&FS Group have triggered liquidity issues across other banks and shadow lenders that now face increased regulatory scrutiny

Flight to safety and quality has been investment mantra: IIFL's Nirmal Jain

Foreign portfolio investors, remain 'neutral' on India and that does not expect any material change in their flows for now, says the IIFL chairman

IIFL Wealth Management makes strong debut; shares hit upper trading limit

The listing of IIFL Wealth follows its demerger from parent IIFL Finance with IIFL Securities, with the latter set to list on Friday

IIFL Finance to raise Rs 1,000 cr through bond issuance for business growth

The non-convertible debentures (NCDs) will offer up to 10.5 per cent yield

IIFL Q3 net profit declines 12% to Rs 220 crore

The firm had posted a net profit of Rs 250 crore in the December quarter of 2017-18 fiscal

Madras HC to hear investor's plea against IIFL's bond issue on March 6

Rakesh P Sheth has appealed the court to stay IIFL's offering, which opened on January 22 and closes on February 21.

IIFL to raise Rs 2,000 crore via public issue of bonds starting Jan 22

The bonds will have a call option, which means the management can buy back the bonds, if they wish to, after a specific period

IIFL to raise Rs 18 bn from domestic investors for affordable housing fund

The money would be invested in affordable housing projects in tier-1 cities, and four to five tier-II cities, a spokesperson said. It has already deployed Rs 750 mn in a project in Bengaluru

India Infoline Finance to raise Rs 50 bn via non-convertible debentures

Icra flags high dependence on commercial paper

IIFL Home Finance raises Rs 10 bn from NHB and a $50 mn from SBI via ECB

IIFL Holdings is a leading player in the Indian financial services space

Affordable housing: IIFL aims to double home loan book to Rs 280 bn by 2020

IIFL Home Loans today said it aims to more than double its loan book to Rs 28,000 crore by 2020, primarily due to focus on affordable housing segment. A subsidiary of India Infoline Finance Limited, IIFL Home Loans has a loan book of Rs 12,000 crore currently. "We are targeting urban middle and lower income population which has a monthly income of Rs 25,000-40,000. The reason for this is that the largest segment of the population falls in this bracket with increased disposable income in hand and rising aspirations to buy their dream home" said Monu Ratra, ED & CEO, India Infoline Housing Finance Limited (IIFL Home Loans). With focus on affordable housing segment, the company said it is leveraging technology to tap the escalating demand emerging from the low and middle-income group in the country. It has more than 50,000 home loan customers currently and is looking at increasing its customer base to more than 2 lakhs by 2020. Ratra said the company is focusing on customers who look