Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
NEW DELHI: Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates, Yes Bank and Indiabulls Housing Finance said in a joint release on Wednesday. The partnership aims at […]
Indiabulls Housing Finance plans to raise Rs 5,000 crore this quarter
NEW DELHI: Mortgage lender Indiabulls Housing Finance is looking to raise Rs 5,000 crore through the securitisation route in fourth quarter of the current financial year, according to a senior company official. In the three months ended December 31, 2020, it had raised around Rs 2,000 crore through the route. Securitisation is the process of […]
Indiabulls Housing Finance’s net profit dips 40% to Rs 329 crore in Q3 FY21
MUMBAI: Mortgage lender Indiabulls Housing Finance on Friday reported a 40.4 per cent dip in its consolidated profit after tax to Rs 329 crore in the December 2020 quarter, due to higher provisioning. The lender had registered a profit after tax of Rs 552 crore in the corresponding quarter of the previous fiscal. Its Deputy […]
Indiabulls Housing Finance to buy back bonds worth up to $ 50 million
NEW DELHI: Indiabulls Housing Finance said on Friday it will buy back bonds worth up to USD 50 million (around Rs 348 crore), which is a part of its USD 1.5 billion bond programme. “The company will be doing a buyback of up to USD 50 million of the USD 350 million 6.375 per cent […]
Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod
NEW DELHI: Indiabulls Housing Finance on Friday said the Competition Commission of India (CCI) has approved the proposed merger of the company with Lakshmi Vilas Bank. In April this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance in a share-swap deal with an intent to create a combined entity with larger […]