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

RBI Slaps ₹66.7 Lakh Fine on Bank of Baroda, GIC Housing Finance

MUMBAI: The Reserve Bank of India announced on Friday that it has levied a fine of Rs 63.6 lakh on Bank of Baroda for failing to comply with certain provisions of the ‘Fair Practices Code for Lenders’ and ‘Know Your Customer (KYC)’ regulations. A separate penalty of Rs 3.1 lakh was imposed on GIC Housing Finance Ltd for similar non-compliance with KYC guidelines. The RBI stated it conducted a statutory inspection of Bank of Baroda to evaluate its supervisory practices as of March 31, 2025, leading to the issuance of a notice to the bank. Upon reviewing the bank’s response,…

Housing FinanceLatest Stories

RBI Expands Term Money Market Access for AIFIs, Housing Finance

MUMBAI: The central bank has permitted All India Financial Institutions (AIFIs) and housing finance companies to borrow funds from the term money market, while also increasing the borrowing limits for standalone primary dealers, as per draft master directions released Thursday. AIFIs—including the Export-Import Bank (Exim), National Bank for Agriculture and Rural Development (NABARD), National Housing Bank (NHB), Small Industries Development Bank of India (SIDBI), and National Bank for Financing Infrastructure and Development (NaBFID)—can now participate as both borrowers and lenders in the term money market, according to the RBI. Housing Finance Companies (HFCs), excluding basic-level Non-Banking Financial Companies (NBFCs), will…

Housing FinanceLatest Stories

NHB Investigates Aavas Financiers for Loan Classification Issues

Sure! Here’s a rewritten version of the content: — MUMBAI: The National Housing Bank (NHB) has initiated a formal investigation into Aavas Financiers, a mortgage lender backed by CVC Capital Partners, after preliminary findings revealed irregularities in loan classifications. Sources familiar with the situation informed RealtyDailyNews that several loans were improperly categorized under ineligible refinancing schemes. The sector regulator has revoked refinancing support amounting to nearly Rs 500 crore, triggering a significant leadership reshuffle within the company. RealtyDailyNews first reported on April 13 that managing director and CEO Sachinder Bhinder was being asked to resign, with Manu Singh, former head…

Housing FinanceLatest Stories

Areion Seeks RBI Nod for ₹936 Crore Aviom India Acquisition

RBI MUMBAI: Areion Group has formally requested approval from the Reserve Bank of India (RBI) for its planned ₹936-crore acquisition of the troubled mortgage lender Aviom India Housing Finance. Sources indicate that the regulator’s ‘fit-and-proper’ assessment will likely include a detailed investigation beyond just commercial aspects. The RBI is expected to carefully examine the source of funds, governance history, and ownership structure of Areion Group’s proposed takeover, announced four months ago, as part of its fit-and-proper review, according to the aforementioned sources. “The regulator’s priority will be to trace the origin of the funds and verify that the acquisition is…

Housing FinanceLatest Stories

Shivalik Small Bank Nears Deal with ManiBhavnam Home Finance

KOLKATA: Shivalik Small Finance Bank, supported by Japan’s largest lender, Sumitomo Mitsui Banking Corporation (SMBC), is nearing completion of its acquisition of Delhi-based ManiBhavnam Home Finance for ₹109 crore. The Reserve Bank of India (RBI) has approved this acquisition, with Shivalik currently seeking clearance from the Registrar of Companies. The deal will involve both share swaps and a cash component, according to sources familiar with the situation. “The acquisition aims to enhance Shivalik’s footprint in the affordable housing sector, further financial inclusion efforts, broaden secured lending, and extend geographical reach in North India,” a bank spokesperson stated. Over the past…

Housing FinanceLatest Stories

LIC Housing Finance’s Net Profit Up 2.97% to ₹5,604.24 Crore

NEW DELHI: LIC Housing Finance has announced a net consolidated profit growth of 2.97% for the financial year 2025-26. The profit after tax reached ₹5,604.24 crore compared to ₹5,442.70 crore in FY25, according to a BSE filing. The company’s net consolidated total income for FY26 was ₹28,843.49 crore, reflecting a year-on-year increase of 2.64% from ₹28,100.60 crore in FY25. In Q4 FY26, net consolidated total income saw a decline of 1.25%, amounting to ₹7,212.01 crore, down from ₹7,303.51 crore in the same quarter of the previous year. However, profit after tax increased by 8.66% to ₹1,492.63 crore, compared to ₹1,373.63…

Housing FinanceLatest Stories

RBI Fines YES Bank and Hinduja Housing Finance

Sure! Here’s a rewritten version of the content: MUMBAI: The Reserve Bank of India (RBI) has imposed a penalty of ₹31.80 lakh on YES Bank for failing to comply with ‘Know Your Customer’ (KYC) regulations. The RBI noted that YES Bank did not establish a system to utilize the KYC Identifier assigned by the Central KYC Records Registry for creating account-based relationships with customers. Previously, the RBI conducted a statutory inspection of the bank to evaluate its financial status as of March 31, 2025. Additionally, a fine of ₹1.8 lakh was imposed on Hinduja Housing Finance Ltd for non-compliance with…

Housing FinanceLatest Stories

Aptus Value Housing Profit Up 25.52% to ₹942.94 Crore in FY26

NEW DELHI: Aptus Value Housing Finance has announced a 25.52% increase in its net consolidated profit for the financial year 2025-26, reporting a profit after tax of ₹942.94 crore compared to ₹751.24 crore in FY25, according to a filing with the BSE. The company’s net consolidated total income reached ₹2,245.48 crore in FY26, reflecting a 24.86% growth from ₹1,798.40 crore in FY25. In Q4 FY26, net consolidated total income rose by 18.80%, reaching ₹593.11 crore, up from ₹499.23 crore in the same quarter last year. Profit after tax also grew by 26.05%, totaling ₹260.95 crore in Q4 FY26, compared to…

Housing FinanceLatest Stories

Aadhar Housing’s FY26 Net Profit up 20.18% to ₹1,095.88 Crore

NEW DELHI: Aadhar Housing Finance reported a 20.18% increase in net consolidated profit for the financial year 2025-26, with profits after tax reaching ₹1,095.88 crore compared to ₹911.83 crore in FY25, as stated in a BSE filing. The net consolidated total income rose to ₹3,686.88 crore in FY26, reflecting an 18.59% increase from ₹3,108.91 crore in FY25. In Q4 FY26, net consolidated total income surged by 19.03% to ₹992.51 crore, up from ₹833.84 crore in the same quarter the previous year. Profit after tax for this quarter increased by 26.99% to ₹310.92 crore compared to ₹244.84 crore in Q4 of…

Housing FinanceLatest Stories

Aadhar Housing Finance’s Net Profit Soars 20.18% to ₹193.40 Crore

NEW DELHI: Aadhar Housing Finance has reported a consolidated net profit growth of 20.18% for the financial year 2025-26. The profit after tax reached ₹1,095.88 crore in FY26, up from ₹911.83 crore in FY25, according to a BSE filing. The company’s total consolidated income rose by 18.59% to ₹3,686.88 crore in FY26, compared to ₹3,108.91 crore in FY25. In Q4 FY26, total income grew by 19.03% to ₹992.51 crore, compared to ₹833.84 crore in the same quarter last year. Profit after tax increased by 26.99% to ₹310.92 crore in Q4 FY26, up from ₹244.84 crore in the corresponding quarter of…