Sebi fines Rs 8 lakh on Reliance Home Finance for disclosure lapses
The fine has to be paid within 45 days, the Securities and Exchanges Board of India (Sebi) said.
 

Ganesh Housing Finance Corporation Q4 Results Live : profit rise by 142.58% YOY
Ganesh Housing Finance Corporation Q4 Results Live : Ganesh Housing Finance Corporation declared their Q4 results on 14 May, 2024. The topline increased by 54.37% & the profit increased by 142.58% YoY. As compared to the previous quarter the revenue grew by 52.55% and the profit increased by 12.18%.

LIC Housing Finance eyes lower double digit loan portfolio growth in FY25
LIC Housing Fin eyes 10-12% loan portfolio growth in FY25
The Financial Express

PNB Housing Finance aims to grow affordable housing book to ₹4,000 crore by March 2025: MD and CEO Girish Kousgi
PNB Housing Finance Ltd (PNBHFL) is looking to grow its retail book by 17 per cent this fiscal, its MD and CEO Girish Kousgi has said. The company closed the financial year 2023-24 with the retail book of ₹63,000 crore. Last fiscal year the growth rate of retail books was 14 per cent. 

Expecting double digit disbursement and loan book growth this year: Tribhuwan Adhikari, LIC Housing Finance

Repco Home Finance Q4 Results Live : profit rise by 35.4% YOY
Repco Home Finance Q4 Results Live : Repco Home Finance declared their Q4 results on 14 May, 2024. The topline increased by 15.36% & the profit increased by 35.4% YoY. Compared to the previous quarter, the revenue grew by 1.36% and the profit increased by 9.33%.

GIC Housing Finance Q4 Results Live : profit rise by 2.54% YOY
GIC Housing Finance Q4 Results Live : GIC Housing Finance declared their Q4 results on 13 May, 2024. The topline decreased by 7.52% & the profit increased by 2.54% YoY.

Aadhar Housing Finance gains 4.85% on day of listing

LIC Housing Finance Q4 Results: Net profit falls over 7% YoY to Rs 1,091 crore

In AUM term, we are the largest low-income HFC: Rishi Anand, Aadhar Housing Finance

Aim to complete Shriram Housing sale in FY25, says Shriram Finance’s Umesh Revankar
Shriram Finance is aiming to complete the sale of its affordable housing finance business by the end of the current financial year, and will use the proceeds to strengthen its net worth and capital adequacy, Executive Vice-Chairman Umesh Revankar told businessline. “This financial year, we would like to see the deal getting closed,” Revankar said, adding that the decision for the sale was taken to focus on Shriram Finance’s core business.

Shriram sells 85% in housing biz to Warburg
Expect Shriram Housing Fin sale to be completed in 6 months: Revankar 
The Financial Express

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings

The transaction is not expected to have a material impact on SFL's credit profile, given Shriram Housing Finance Limited’s small contribution to the group. As of the end of March 2024, it contributed less than one per cent to the group's equity and four to five per cent to the group's revenues and assets, the rating agency said in a statement.

Aadhar Housing Finance IPO listing date today. GMP, experts signal strong debut of shares
Aadhar Housing Finance IPO: The listing date of the initial public offering (IPO) of Aadhar Housing Finance Limited has been fixed on May 15 2024, i.e. today. As per the information available on the BSE website, effective from Wednesday, May 15, 2024, the equity shares of Aadhar Housing Finance Limited shall be listed and admitted to dealings on BSE and NSE in the list of the 'B' group of stocks. Ahead of the Aadhar Housing Finance IPO listing, the grey market, a market where IPO shares are traded before they are officially listed, and stock market experts are signalling a solid listing of Aadhar Housing Finance shares. According to the stock market observers, Aadhar Housing Finance IPO GMP (Grey Market Premium) today is ₹55, meaning the grey market expects around 17 percent listing gain for the allottees.

DHFL scam: After CBI arrest, Dheeraj Wadhawan sent to judicial custody for Rs 34,000-crore bank fraud case

Repco Home Finance Q4 standalone net up 32% to ₹108 cr.

Shriram Finance shares climb over 5% on sale of housing finance subsidiary

Repco Home Finance Q4 Results: Profit jumps 32% YoY to Rs 82 crore

Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyout
Warburg to buy Shriram HFC for Rs 4,630 cr
The Financial Express

Aadhar Housing Finance IPO: Issue subscribed 25.49 times on day 3, QIB portion booked 72 times; Check GMP, other details
Aadhar Housing Finance IPO Subscription Status: Aadhar Housing Finance IPO, backed by private equity major Blackstone, received a subscription of 24.49 times on the third and final day of bidding. At 72.78 times, the portion for the qualified institutional buyers (QIBs) was booked the highest among the three groups of investors. The quota for non-institutional investors (NII) got subscribed 16.50 times while retail investors category got subscribed 2.46 times.

Piramal invests ₹300 crore in Cybercity's Hyderabad villa project

Piramal Enterprises to merge with unlisted housing finance arm for listing

Under the terms of the merger, shareholders of Piramal Enterprises will receive one equity share of Piramal Finance (PFL) for each share they hold in Piramal Enterprises, along with one NCRPS (non-convertible non-cumulative non-participating redeemable preference share) of Rs 67 of PFL, subject to approval from the Reserve Bank of India (RBI), the report added.

L&T Finance launches ‘The Complete Home Loan’

Sudipta Roy, Managing Director & CEO, LTF said, “Through meticulous on-the-ground research, we identified unmet customer needs, leading us to reimagine our existing offerings and focus on a one-stop solution for home loans. Our new TV commercials aim to boost brand visibility and effectively communicate our offerings. We are confident they will resonate with audiences, making home loans more accessible.”

Home First eyes $75 million fundraise from US DFC

Home First Finance Q4 Results: Net profit leaps 30% YoY to Rs 83.5 crore

Sumitomo Mitsui Financial Group invests ₹1,300 crore in SMFG India Credit to fuel growth
Mumbai: Japan’s Sumitomo Mitsui Financial Group, Inc. (SMFG), on Tuesday said it has invested ₹1,300 crore in its wholly-owned subsidiary SMFG India Credit Co. Ltd./SMICC (formerly Fullerton India Credit Co. Ltd.) via rights issue to fuel growth. SMICC, in a statement, said it has invested Rs 150 crore in its wholly-owned subsidiary SMFG India Home Finance Co. Ltd. (formerly Fullerton India Home Finance Co. Ltd.) (SMFG Grihashakti). Pankaj Malik, SMICC’s Chief Financial Officer said, the SMFG infusion of funds marks a crucial moment for SMICC.

Grihum Housing Finance Q4 Results: Net profit rises 24% YoY to Rs 46 crore

Aadhar Housing Finance IPO opens Wednesday. 10 things to know before subscribing to the issue

Home loan outstanding up by ₹10 lakh cr in last 2 yrs; reaches ₹27 lakh cr in March: RBI data
New Delhi: Credit outstanding to the housing sector rose by nearly ₹10 lakh crore in the last two fiscals to reach a record ₹27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-Covid pandemic on pent-up demand.

PNB Housing Finance: How sustainable is the turnaround?
Financial year 2024 was a period of growth for most financial services. Even so, a standout was PNB Housing Finance, which saw significant improvement in financials to bring it on par with peers after nearly four years of struggle. Plagued by legacy corporate accounts, it focused on shrinking the corporate portfolio and improving asset quality, which led to muted overall growth.