At the end of FY25, the lender’s asset quality has improved to 1.08%, compared to 1.5% a year earlier. The goal for this year is to reduce the gross non-performing assets (NPA) to below 1%.
NEW DELHI: Bajaj Housing Finance has recorded a significant 22.6% increase in its net profit after tax, amounting to ₹715.28 crore for the quarter ending June 30, 2026, compared to ₹583.30 crore during the same quarter of the previous fiscal year. The company’s total income rose 17.1% to ₹3,063.05 crore in Q1 FY27, up from ₹2,615.57 crore in Q1 FY26. Additionally, its assets under management expanded by 24% to ₹1,49,624 crore as of June 30, 2026, from ₹1,20,420 crore the previous year. Disbursements for the quarter totaled ₹19,509 crore, while loan losses and provisions decreased to ₹16 crore in Q1…
MUMBAI: PNB Housing Finance, the third-largest housing finance company in India, has shortlisted four candidates for the role of managing director and CEO. Ajai Shukla, chief business officer at Tata Capital Housing Finance, is reportedly the leading candidate, according to sources familiar with the situation. The other contenders include Jatul Anand, executive director at PNB Housing Finance; Sachinder Bhinder, MD & CEO of Aavas Financiers; and Rajan Suri, chief business officer at Aditya Birla Housing Finance. These names have been submitted to the Reserve Bank of India (RBI) and the National Housing Bank (NHB) for consideration, as regulatory approval is…
Sure! Here’s a rewritten version of the content: Representative image MUMBAI: The country’s first-ever residential mortgage-backed securities were listed on Monday. The housing finance regulator, NHB, anticipates that firms will raise over Rs 10,000 crore through this method in the current fiscal year. The National Housing Bank-backed RMBS Development Company (RDCL) listed its inaugural set of securities worth Rs 1,000 crore, maturing in 20 years with a 7.26% monthly coupon, on the NSE. NHB’s Managing Director and CEO, Sanjay Shukla, stated that he anticipates up to 10 additional transactions this fiscal year, which will allow lenders to raise between Rs…