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: British International Investment (BII) has invested ₹170 crore in Altum Credo Home Finance, a company focused on affordable housing finance. This funding will enable Altum Credo to expand its operations in its current regions within India and to bolster its IT infrastructure, enhancing operational efficiency, customer experience, and digital service delivery. The firm primarily addresses the home finance needs of first-time buyers from low-income groups, boasting assets under management (AUM) exceeding ₹1,000 crore. Published On Aug 25, 2025 at 09:45 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…
NEW DELHI: Bajaj Housing Finance has reported a net consolidated profit growth of 21.10% for the quarter ending December 31, 2025. The profit after tax amounted to ₹664.89 crore in Q3 FY26, a notable increase from ₹549.02 crore in the same quarter last year, as stated in a BSE filing. The company’s net consolidated total income was ₹2,886.04 crore for Q3 FY26, reflecting a 17.85% increase from ₹2,448.98 crore in Q3 FY25. The board of directors appointed Ajay Kumar Choudhary as an additional independent director, effective March 1, 2026, for a term of five consecutive years. As of December 31,…
MUMBAI: Truhome Finance, focusing on affordable housing, is set to receive an additional ₹500 crore funding from its primary shareholder, Warburg Pincus, later this month, as confirmed by a senior official. This new investment will increase Warburg Pincus’s total commitment to over ₹2,000 crore in the entity, previously known as Shriram Housing Finance. “Warburg has previously invested ₹1,200 crore in new funding and ₹400 crore in compulsorily convertible debentures. They are now set to contribute ₹500 crore more by the end of October,” said Ravi Subramanian, managing director and CEO of the lender, in a statement to PTI. He noted…