Tag: housing finance companies

Housing FinanceLatest Stories

RBI Urges NBFCs, HFCs to Uphold Underwriting Standards

Sure! Here’s a rewritten version of the content you provided: MUMBAI: On Monday, Reserve Bank Governor Sanjay Malhotra emphasized the necessity for robust underwriting standards and meticulous asset quality monitoring during a meeting with senior officials from selected non-banking financial companies (NBFCs). This engagement is part of the Reserve Bank’s ongoing dialogue with regulated entities. The Governor convened with managing directors and chief executive officers (MDs and CEOs) of various NBFCs, including government-backed firms, housing finance companies (HFCs), and microfinance institutions. In his opening remarks, the Governor acknowledged the vital role NBFCs and HFCs play in promoting credit flow. He…

Housing FinanceLatest Stories

NHB Flags PMAY 2.0 Disbursal Delay, Urges Finance Firms to Act

MUMBAI: The National Housing Bank (NHB) is advocating for increased adoption of PMAY 2.0, highlighting slower-than-anticipated disbursements in the interest subsidy scheme, as per sources involved in discussions with home financiers and regulators. In a recent meeting with chief executives of major housing finance companies (HFCs), the NHB leader expressed concerns that disbursements were “not meeting expectations” and encouraged lenders to intensify their focus on the program, according to officials who participated in the discussions. “The goal is to significantly enhance PMAY 2.0, yet the disbursement pace has been underwhelming,” remarked an official with insight into the matter. “The regulator…

Housing FinanceLatest Stories

Bajaj Housing Finance Promoter Sells 2% Stake for ₹1,588 Cr

Representative AI image NEW DELHI: On Tuesday, Bajaj Finance Ltd, a key promoter of Bajaj Housing Finance, sold a 2% stake for ₹1,588 crore via an open market transaction. As per the bulk deal information from the National Stock Exchange (NSE), Bajaj Finance Ltd divested 16.66 crore shares, equivalent to a 1.99% stake in Bajaj Housing Finance. The shares were sold at an average price of ₹95.31 each, bringing the total transaction value to ₹1,587.86 crore. Following this transaction, Bajaj Finance’s stake in Bajaj Housing Finance has reduced from 88.70% to 86.71%. The identities of the buyers of Bajaj Housing…

Housing FinanceLatest Stories

Repco Home Finance Q2 FY26 Net Profit Drops 5.12%

NEW DELHI: Repco Home Finance reported a 5.12% decrease in its consolidated net profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹103.15 crore, down from ₹108.72 crore in the same quarter last year, according to a BSE filing. The company’s consolidated total income for Q2 FY26 was ₹441.90 crore, reflecting a 4.18% increase from ₹424.19 crore in the corresponding quarter of the previous fiscal year. The overall loan portfolio amounted to ₹15,033 crore as of September 30, 2025, an increase of 7.7% from ₹13,964 crore a year earlier. The assets under management…

Housing FinanceLatest Stories

Aadhar Housing Finance Q2 FY26 Net Profit Up 17.12%

NEW DELHI: Aadhar Housing Finance has announced a 17.12% rise in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax reached ₹266.47 crore in Q2 FY26, compared to ₹227.51 crore during the same quarter last year, as disclosed in a BSE filing. The company’s net consolidated total income for Q2 FY26 was ₹899.26 crore, marking a 17.66% increase from ₹764.28 crore in the corresponding quarter of the previous year. Rishi Anand, MD & CEO, stated, “We completed the first half of FY26 strongly, buoyed by robust operational performance and consistent demand in the affordable…

Housing FinanceLatest Stories

PNB Housing Finance Selects Four Candidates for CEO Role

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…

Housing FinanceLatest Stories

LIC Housing Finance Q2 FY26 Net Profit Rises 1.63%

NEW DELHI: LIC Housing Finance has shown a slight increase of 1.63% in its consolidated net profit for the quarter ending September 30, 2025. The profit after tax reached ₹1,349.37 crore in Q2 FY26, compared to ₹1,327.79 crore from the same quarter of the previous fiscal year, according to a BSE filing. The net consolidated total income for the company amounted to ₹7,179.77 crore in Q2 FY26, marking a growth of 3.48% from ₹6,938.31 crore reported during the same period last year. Tribhuwan Adhikari, the Managing Director & CEO, stated, “Our Q2 FY2026 results reflect ongoing momentum in the housing…

Housing FinanceLatest Stories

Can Fin Homes Q2 FY26 Net Profit Rises 18.89%

NEW DELHI: Can Fin Homes (CFHL) has announced an 18.89% increase in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 reached ₹251.42 crore, up from ₹211.48 crore for the same period last year, according to a BSE filing. The company reported a net consolidated total income of ₹1,049.45 crore for Q2 FY26, reflecting a growth of 9.01% from ₹962.69 crore in the corresponding quarter of the previous fiscal year. As of September 2025, the loan portfolio stood at ₹39,657 crore, compared to ₹36,591 crore in the same quarter last year,…

Housing FinanceLatest Stories

HFCs Gain NHB Support to Diversify Funding, Lower Loan Costs

MUMBAI: Housing finance companies (HFCs) are set to experience reduced borrowing costs following the National Housing Bank’s (NHB) approval of partial credit enhancement (PCE) for bonds they issue. This initiative aims to enable HFCs to pass on the benefits of lower funding costs to borrowers, particularly those in the affordable housing sector. In a letter dated October 6, the NHB notified housing finance companies that it would offer PCE on secured non-convertible debentures (NCDs) they issue, with the goal of helping them “diversify their funding sources” and “reduce reliance on banks.” The NHB stated that the facility would only be…

Housing FinanceLatest Stories

Mortgage Rate War Hits Housing Finance Companies Hard

Housing finance companies (HFCs) are under considerable strain due to aggressive mortgage pricing by public sector banks, leading to reduced margins. Although loan disbursals are growing, many HFCs are not experiencing a corresponding rise in assets under management (AUM), primarily because borrowers are transferring their home loans to rival firms. In the June 2025 quarter, Bajaj Housing Finance reported a 0.5% drop in net profit, while Aadhar Housing Finance and LIC Housing Finance experienced growth rates of 10% and 5%, respectively. The recent reduction in lending rates by the Reserve Bank of India, which cut the repo rate by 100…