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Housing Finance
Business  /  Published 10.09.20

Indiabulls sells UK bank stake

Indiabulls Housing Finance on Thursday said it has sold a part of its stake in the UK-based OakNorth Holding Ltd, the parent company of OakNorth Bank Ltd, to HighSage Ventures LLC for Rs 440 crore. I...
By Our Special Correspondent in Mumbai

Business  /  Published 12.08.20

Churn signals Indiabulls bank hope

Indiabulls Housing Finance Limited (IHFL) has appointed former RBI deputy governor Subhash Sheoratan Mundra as its non-executive chairman — a strategic move that many believe signals that the fi...
By Our Special Correspondent in Mumbai

Business  /  Published 12.07.20

Big bond float

PNB Housing Finance said it will seek shareholders’ approval next month to raise up to Rs 45,000 crore through debt securities. The company’s annual general meeting is scheduled to take pl...
By PTI  in New Delhi

Business  /  Published 11.07.20

DHFL fraud pulls down PNB stock

Investors on Friday beat down the Punjab National Bank stock as the bank reported  to the RBI a Rs 3,688cr fraud perpetrated on it by Dewan Housing Finance (DHFL). PNB on Friday said it has alre...
By Our Special Correspondent in New Delhi

Business  /  Published 30.06.20

Housing launches face Covid crunch

The Covid-19 pandemic and the nationwide lockdown had a telling effect on the real estate sector during the first three months of the fiscal with launches plummeting to a tenth of last year. Only 413...
By Sambit Saha in Calcutta

Business  /  Published 05.04.19

Lakshmi Vilas, IBH to merge

Mid-sized private sector lender Lakshmi Vilas Bank (LVB) is merging with Indiabulls Housing Finance (IBH), a move that will give the latter yet another shot to become a bank.The boards of both the ent...
By Our Special Correspondent in Mumbai

Business  /  Published 21.05.20

NBFCs unhappy with tenure

The special liquidity scheme worth Rs 30,000 crore for stressed nonbanking financial companies (NBFCs) and housing finance companies (HFCs), whose financials further deteriorated because of the Covid-...
By Our Special Correspondent in New Delhi

Maharashtra  /  Published 26.04.20

Wadhawans taken into custody: Maharashtra home minister

Maharashtra home minister Anil Deshmukh on Sunday said the Central Bureau of Investigation has taken custody of scam-accused DHFL promoters Kapil and Dheeraj Wadhawan in Satara and that the local poli...
By PTI in Mumbai

Business  /  Published 08.08.19

Yes Bank sets QIP floor price

Yes Bank on Thursday announced the opening of the qualified institutional placement (QIP) issue at a floor price of Rs 87.90 per equity share.The mobilisation comes at a time the private lender needs ...
By Our Special Correspondent in Mumbai

Business  /  Published 22.07.19

Bar on EMI paid by builders

The National Housing Bank (NHB) has asked housing finance companies (HFCs) to stop funding subvention schemes where a developer or a builder offers to pay the interest on loans taken by a home buyer.T...
By Our Special Correspondent in Mumbai


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