Housing finance companies under lens over lending faults
The National Housing Bank is intensifying its scrutiny of housing finance companies due to breaches in loan-to-value regulations, particularly for high-value home loans exceeding ₹75 lakh. Lenders are found to be disbursing loans up to 90% LTV, violating the stipulated 75% cap.
Expansion plans & easing asset woes to lift CreditAccess
CreditAccess Grameen’s stock has surged following the appointment of a new CEO and strategic initiatives. The company is addressing asset quality concerns through accelerated write-offs, expecting normalization by the December quarter. Expansion plans include opening 200 branches, with a focus on retail financing to drive future growth and profitability, anticipating improved credit growth in the […]
Housing finance companies struggle as mortgage rate war intensifies
Housing finance companies face challenges. Public sector banks aggressively price mortgage rates. This squeezes HFC margins. Loan disbursals grow, but AUM doesn’t keep pace. Borrowers are shifting loans. Bajaj Housing Finance saw a profit decline. LIC Housing Finance also feels the rate war. Competition is intense, impacting even large players. Margin pressure is expected to […]
Investors see higher returns in sector-specific stocks over benchmark indices in 2025
In 2025, sector-specific and thematic investments outperformed benchmark indices like Sensex and Nifty, which saw gains of 4.5% and 5.6% respectively. Several NSE indices, including Defence, Capital Markets, Auto, Bank, Metal, and India Consumption, surged between 7% and 19%. While most indices showed a mix of performers, the Nifty IT index lagged, contrasting with the […]
Easing of IPO rules likely to pave way for a Reliance Jio listing: Citi
Sebi may ease IPO rules for mega companies. This could help Reliance Jio’s stock market debut. New rules could lower the required share float. Citi believes this reduces market supply concerns. Jio may only need a 2.5% float. Reliance’s annual meeting is on August 29. Investors await Jio listing updates. The move aims to prevent […]
Rupee gains 40 paise, surges above 87/$ as GST reforms lift mood
The Indian rupee surged to its highest level in August, surpassing 87 against the dollar, fueled by optimism surrounding indirect-tax reforms and a significant drop in crude oil prices. A sovereign ratings upgrade, the first since the global financial crisis, further bolstered the rupee, closing at 86.9550/$. Positive sentiment was driven by growth-oriented policies and […]