Tag: housing finance companies

Housing Finance

Westridge Investments plans to divest a 9.8% stake in Aptus Value Housing

Aptus Value Housing shares will be in focus on Tuesday as private equity firm Westridge Investments plans to divest a 9.8% stake in the company through a Rs 1,495 crore block deal, CNBC-TV18 reported. The floor price for the deal has been set at Rs 305 per share, the sources said. Aptus Value Housing Finance India reported a 26% year-on-year rise in net profit for the March quarter, aided by strong disbursement growth and operational efficiency. Profit after tax stood at Rs 207 crore, up from Rs 164 crore in the same quarter last year. Disbursements rose 10% YoY to…

Housing Finance

NHB slams home financiers for selling insurance policies with housing loans

representative image The National Housing Bank (NHB) has reprimanded home financiers for mis-selling insurance policies bundled with housing loans. The regulator has instructed these companies to stop bundling insurance products without adequately informing borrowers about the terms and conditions of the policies. In two separate communications – dated March 12, 2025, and December 10, 2024 – the NHB has directed housing finance companies (HFC) to obtain explicit consent from customers and provide them with insurance options from at least two providers, ensuring greater transparency and competitive pricing.This directive follows a warning issued to HFC CEOs in January, where NHB had…

Housing Finance

NHB steps up surprise checks to gauge housing finance companies’ health

The National Housing Bank (NHB) is holding surprise inspections of mortgage financiers to ensure their proper functioning after the recent discovery of fraud at Aviom Housing Finance, said two officials familiar with the matter. These investigations are in addition to two annual credit reviews NHB usually performs of mortgage financiers. Officers at the quasi-housing finance regulator are currently focusing on how refinancing funds are being used to ensure their proper allocation, the officials said. They are also verifying whether housing finance companies (HFCs) are accurately reporting data on bad loans and validating the authenticity of their investment portfolios. “NHB’s primary…