Indiabulls Housing Finance to raise ₹5,000 crores from securitisation in the current quarter
The mortgage lender is trying to raise Rs 5,000 crore by way of the securitization route in the fourth quarter of the current monetary year, in accordance with a senior firm official. In the three months ended December 31, 2020, it had raised around Rs 2,000 crore through the route.
"Our securitization pipeline is strong. We should be able to raise almost Rs 3,000 crore from the wholesale book and another Rs 2,000 crore from the retail in this (Q4 FY21) quarter," the company's Deputy Managing Director Ashwini Kumar Hooda told PTI.
He said already securitisation transactions worth Rs 2,000 crore have been done so far in the fourth quarter. "Fourth quarter is when most of the securitisation transactions get bunched up. We had a lot of transactions for December that got carried fo...