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National Housing Bank tells housing finance companies to improve governanceIndustry leaders, however, believe that NHB is now trying to regulate the smaller, unlisted and new entrants more effectively.
NHB breathes fresh life into Chennai by cutting interest ratesHousing finance companies may lower lending rates by as much as 300 basis points to 8.5% a year for reconstruction of affordable homes in f...
Housing finance companies to lower interest rates in flood-hit ChennaiNational Housing Bank, which governs and refinances these specialised financing companies, has lowered interest rates to 6.5 per cent.
NHB caps home loan rates at 10.75% for weaker sectionsNational Housing Bank has capped lending rates for specialist mortgage lenders such as LIC Housing Finance which seek refinance from it.
NHB allows HFCs to raise 10-year deposits to help them reduce ALM gapsNHB has allowed specialised housing finance companies like Housing Development Finance Corporation and LIC Housing Finance to raise public ...
DHFL Vysya Housing Finance lowers lending rate by 20 bpsDHFL Vysya Housing Finance Ltd announced that it will lower lending rates by 20 basis points across the spectrum for new as well as existin...
Banks to miss loan targets on low consumer demandMany banks may miss the loan-growth target as consumer loans, their last bastion, falter since individuals defer purchase awaiting new ince...
Budget 2013: Housing proposals may encourage lower, middle income groupsThe budget proposals related to the housing sector are expected to encourage the lower and middle income groups to take home loans.
RBI refuses to give priority lending tag to refinancing of HFC loans by banksRBI and the government may be on a collision course yet again, this time on the treatment of banks' refinancing of specialist mortgage lend...
- Lack of skills delays uniform property valuation norms
Home loan lenders agree to adopt a uniform property valuation norms to prevent fraud and a rise in bad loans, but the lack of well-trained ...
- National Housing Bank raises provisioning requirement for doubtful assets up to 100%, asks housing finance companies to set aside 0.4% loans as buffer
National Housing Bank (NHB) has slapped a set of stringent rules which may put housing finance companies (HFCs) under stress.
- Banks must lend more to HFCs: NHB
National Housing Bank, or NHB, said it will request RBI to encourage banks to lend more to housing finance companies (HFCs) under priority ...
- Handle home loan rate hike without panic
As interest rates head north, panic-stricken home loan borrowers are flocking to home loan counters to restructure their debt.
- HFCs allowed to raise funds through foreign currency bonds
Specialised housing finance companies (HFCs) like HDFC and ICICI Home Finance, have received a shot in the arm.
- Season's special: Poor may get 5% subsidy on home loans
The Budget is likely to unveil a credit-cum-interest subsidy scheme for the economically weaker section (EWS). The poor may get a 5% intere...
- HFCs eye low-cost funds, ask finmin to allow ECBs
Facing pressure on interest rate spreads and profit margins, housing finance companies (HFCs) are looking at low-cost funds for their busin...
- HFCs told to appoint trustee to monitor public deposits
This one is designed to provide an ultra protection to thousands of depositors who park their monies with deposit schemes of specialised ho...
- NHB makes realty loans dearer for HFCs
The National Housing Bank (NHB) has asked housing finance companies (HFCs) to make a general provision of 0.4% of their total outstanding n...
- HFCs likely to pay more tax on profits
Specialised housing finance companies (HFCs) may have to pay more tax on their profits during 2007-08.
- Cost-wary NHB to spoil HFCs’ rate party
Housing finance companies (HFCs) have been stung by a double whammy. National Housing Bank (NHB), the apex body for promoting HFCs, has rai...