Tag: housing finance companies

Housing FinanceLatest Stories

Sundaram Home Finance Q1 FY26 Net Profit at ₹62 Crore

CHENNAI: Sundaram Home Finance Ltd reported a slight drop in its net profits, reaching Rs 62 crore for the quarter of April to June 2025, as announced on Saturday. In the same quarter last year, the company had a net profit of Rs 66 crore. During the reviewed quarter, disbursements increased to Rs 1,488 crore, compared to Rs 1,353 crore during the corresponding quarter last year. The company also noted growth in its Assets Under Management (AUM), which rose to Rs 18,027 crore as of June 30, 2025, up from Rs 14,533 crore a year earlier. In the June quarter,…

Housing FinanceLatest Stories

NHB Unveils Refinance List to Prevent Misuse

MUMBAI: In a significant move towards transparency, the National Housing Bank (NHB) has released, for the first time, the list of beneficiaries under its refinance scheme. This initiative aims to prevent the misuse of NHB’s name by various lending institutions. This decision follows the exposure of Aviom India Housing Finance, which reportedly used outdated NHB refinance sanction letters, some dating back three to four years, to obtain loans from banks. “The NHB is committed to ensuring such incidents as those involving Aviom do not occur again. By making its refinance list public, it seeks to deter fraudulent entities from leveraging…

Housing FinanceLatest Stories

Housing finance firms see modest Q1 growth; rate cuts to impact margins

MUMBAI: Housing finance companies (HFCs) are projected to report moderate earnings for the June quarter, with industry-wide loan disbursals increasing by approximately 8% year-on-year, as per analyst projections. Nonetheless, margins are expected to face pressure due to intensified competition from banks and the effects of recent interest rate cuts. Moreover, provisioning costs may rise due to slower recovery rates, potentially resulting in stagnant profit after tax growth. As estimated by PL Capital, HFCs’ assets under management (AUM) are anticipated to exceed ₹3.7 lakh crore by the end of the June quarter, reflecting a 1% sequential growth. However, loan disbursals could…

Housing FinanceLatest Stories

NHB directs housing finance firms to pay interest on advance EMIs

The National Housing Bank (NHB) has instructed housing finance companies to provide interest on advance payments made by borrowers that have not been immediately applied to their Equated Monthly Instalments (EMIs) and are instead held in sundry or suspense accounts, according to sources familiar with the situation. The interest should be paid at the same rate applicable to the customer’s home loan. This initiative aims to ensure fair lending practices and prevent borrowers from incurring excessive interest costs when their advance payments are not applied promptly. “NHB is fundamentally ensuring that housing finance companies cannot profit from holding onto customers’…

Housing FinanceLatest Stories

LIC Housing Finance Q4 FY25 Net Profit Soars 25% to ₹1,368 Cr

NEW DELHI: LIC Housing Finance announced a 25.4% increase in net profit, reaching Rs 1,368 crore for the fourth quarter ending March 2025, compared to Rs 1,091 crore in the same quarter of the previous fiscal year. The company reported total income of Rs 7,283 crore for the March quarter of FY25, an increase from Rs 6,937 crore in the corresponding quarter of FY24. For the fiscal year 2024-25, the net profit increased by 14% to Rs 5,429 crore, up from Rs 4,765 crore in FY24. LIC Housing Finance shares closed at Rs 624.90, gaining 1.31% from the previous close…

Housing FinanceLatest Stories

Westridge to Sell 9.8% Stake in Aptus Value Housing

Aptus Value Housing stocks will be under the spotlight on Tuesday as private equity firm Westridge Investments intends to sell a 9.8% stake in a transaction valued at Rs 1,495 crore, as reported by CNBC-TV18. The floor price for the transaction is set at Rs 305 per share, according to sources. Aptus Value Housing Finance India experienced a 26% year-on-year increase in net profit for the March quarter, driven by robust disbursement growth and improved operational efficiency. The profit after tax reached Rs 207 crore, up from Rs 164 crore during the same period last year. Disbursements saw a 10%…

Housing FinanceLatest Stories

NHB Tightens Refinance Rules to Prevent Home Loan Misuse

MUMBAI: The National Housing Bank (NHB) has implemented new regulations for refinancing home loans on properties that are still under construction. According to an order issued to home financiers, NHB will now offer refinance only for loans where less than half of the construction is completed at the time of the initial disbursement. This regulation specifically pertains to loans designated for construction on plots or for building homes on self-owned land. NHB stated, “For loans extended to individuals for ongoing construction, refinance will only be available when no more than half of the construction is finished at the time of…