Category: Housing Finance

Follow the latest trends in housing finance, including home loan rates, mortgage policies, RBI updates, and government schemes. Stay informed about financial products and regulations that impact homebuyers, investors, and lenders in the real estate market.

Housing FinanceLatest Stories

Bajaj Housing Finance Q4 FY26 Profit Up 14% to ₹669 Crore

NEW DELHI: Bajaj Housing Finance reported a 14% increase in net profit to Rs 669 crore for the March quarter, driven by strong housing loan growth. Last year, the company recorded a net profit of Rs 587 crore in the same quarter. In its regulatory filing, Bajaj Housing Finance noted that total income rose to Rs 2,903 crore during the quarter, up from Rs 2,508 crore the previous year. The firm reported interest income of Rs 2,707 crore for the quarter, compared to Rs 2,374 crore in the same period last year. Net interest income increased by 15% to Rs…

Housing FinanceLatest Stories

RBI Penalizes Bandhan Bank and Muthoot Housing Finance

MUMBAI: The Reserve Bank of India (RBI) announced on Friday that it has imposed a penalty of Rs 41.8 lakh on Bandhan Bank due to non-compliance with certain regulations, particularly those related to Know Your Customer (KYC) requirements. The RBI cited that Bandhan Bank did not perform periodic risk categorization reviews for specific account types and approved loans associated with its directors. “This action is based on deficiencies in statutory and regulatory compliance, and it does not imply any judgment on the validity of transactions or agreements between the bank and its customers,” stated the RBI. Additionally, the central bank…

Housing FinanceLatest Stories

PNB Housing Finance Reports 18.34% Net Profit Increase in FY26

NEW DELHI: PNB Housing Finance has announced an 18.34% increase in its net consolidated profit after tax (PAT) for the financial year 2025-26, reaching ₹2,291.24 crore compared to ₹1,936.14 crore in FY25, according to a BSE filing. The company’s net consolidated total income grew by 10.58%, amounting to ₹8,505.04 crore in FY26, up from ₹7,691.63 crore in FY25. In Q1 FY26, the company’s net consolidated total income was ₹2,171.91 crore, reflecting a 6.63% increase from ₹2,036.78 crore during the same period last year. Its PAT for Q4 FY26 was ₹655.80 crore, a 19.15% rise from ₹550.38 crore in Q4 FY25.…

Housing FinanceLatest Stories

Aditya Birla Housing Finance Allocates ₹2,750 Crore to Indriya

NEW DELHI: Aditya Birla Housing Finance (ABHFL) has successfully raised approximately ₹2,750 crore by issuing equity shares to Indriya, a company associated with global private equity firm Advent International. The firm allocated over 12.32 crore equity shares at ₹223.12 each on April 17, 2026, as noted in a regulatory filing. As a result of this transaction, Indriya now owns a 14.29% stake in ABHFL on a fully diluted basis. This also means that ABHFL is no longer a wholly owned subsidiary of Aditya Birla Capital (ABCL), with the parent company’s stake decreasing to 85.5%. The capital raise aligns with a…

Housing FinanceLatest Stories

CCI Approves Indriya’s 14.3% Stake in Aditya Birla Housing

NEW DELHI: The Competition Commission of India (CCI) has granted approval for Indriya’s acquisition of a 14.29% stake in Aditya Birla Housing Finance (ABHFL), marking a significant regulatory milestone in the ₹2,750 crore investment revealed earlier this year. This transaction involves Indriya, a part of global private equity firm Advent International, acquiring equity shares in ABHFL via preferential allotment on a fully diluted basis. Once completed, Indriya will own 14.29% of ABHFL, while Aditya Birla Capital (ABCL) will maintain the majority stake in its housing finance subsidiary. The deal received initial approval from ABCL’s board in February 2026. ABHFL is…

Housing FinanceLatest Stories

NHB Flags ₹933 Cr Extra Bad Loans in PNB Housing Finance

MUMBAI: PNB Housing Finance announced on Thursday that the National Housing Bank (NHB) has instructed it to reveal an additional ₹933 crore in bad loans from March 2023, following supervisory audits. Initially, the lender reported gross non-performing assets (NPAs) at ₹2,271.36 crore. However, after inspections, an extra ₹933.58 crore was discovered, raising the total gross NPAs to ₹3,204.94 crore. The discrepancy originated from a restructuring process in FY22-23 that did not comply with regulatory standards. This involved two project finance loan accounts, where interest rates were lowered for competitive advantages, even though both accounts were performing well at the time.…

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Mumbai: Ex-bank manager, 9 others found guilty in 2004 fraud

MUMBAI: A special CBI court convicted a retired bank manager and nine others in a loan fraud case from 2004 on Tuesday, sentencing them to prison terms ranging from one to five years. The masterminds, Kashinath and Ganesh Pandurang Jadhav, received five years in prison, while former bank official Metha Sastry was given a one-year sentence under the Prevention of Corruption Act. Sastry, the senior manager at the Central Bank’s Prabhadevi branch in Mumbai, neglected essential pre- and post-sanction inspections. The court noted that these checks would have revealed the fraudulent nature of the buyers and their documents. Charges against…

Housing FinanceLatest Stories

Shubham Housing Finance Secures $96M from LeapFrog, Others

NEW DELHI: Shubham Housing Development Finance, a provider of affordable housing finance, has secured USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and other stakeholders, including Creador. The investment strengthens Shubham’s future growth by establishing a robust shareholder base, combining global impact investors with leading regional private equity firms, and facilitating an exit for early investors, as stated in a joint announcement on Thursday. Over the past year, the company has seen significant growth, with assets under management nearing Rs 7,500 crore as of December 2025. This growth has been fueled by strong demand for affordable…

Housing FinanceLatest Stories

Truhome Finance submits ₹3,000-crore IPO application

NEW DELHI: Truhome Finance, backed by private equity firm Warburg Pincus, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) seeking to raise ₹3,000 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares totaling ₹1,500 crore and an offer for sale (OFS) of equity shares also valued at ₹1,500 crore from its promoter, Mango Crest Investment Ltd, as detailed in the draft red herring prospectus (DRHP). The funds raised from the fresh share issue will be used to strengthen the capital base to satisfy future funding needs, including…

Housing FinanceLatest Stories

IIFL Home Finance Gets $300M Loan from Asian Development Bank

NEW DELHI: IIFL Home Finance (IIFL HFL) has secured a $300 million syndicated external commercial borrowing (ECB) facility from the Asian Development Bank (ADB). The financing package consists of $150 million from ADB, along with another $150 million through parallel loans from MUFG, Emirates Bank, Sampath Bank, and Hatton National Bank. ADB served as the mandated lead arranger and bookrunner for this deal. This is IIFL HFL’s inaugural syndicated ECB facility. The funds will be allocated to provide home loans to women in low-income communities in peri-urban and urban areas, especially in economically disadvantaged states. Over 25% of the loan…