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Indiabulls Housing Finance says that Crisil has Stabilized the Upgrade

2Apr

By Nikita Dhyani1 Comment

Finance

Indiabulls Housing Finance says that Crisil has Stabilized the Upgrade

Rating agency Crisil has upgraded its outlook for Indiabulls Housing Finance Limited from negative to stable. This confirmed the company's short-term long-term credit ratings of "AA" and "A1+" In a filing with the BSE, the Indiabulls Housing Finance company said it received Crisil's communication on 31 March. Modification of rating factors in fundraising is less than the expected increase in asset quality and non-performing asset (NPA) levels in retail segments. Also, read | Now recharge your Delhi metro card with amazon pay The credit rating agency also observed regularisation of collection efficiency to pre-Covid levels, strong capitalization with healthy cover for asset-side risks, and a strong liquidity position of the company. During early trade, Indiabulls Housing Finance Ltd...

Chinese Smartphone Company Vivo Return as the IPL Title Sponsor

Chinese smartphone company Vivo has returned as the title sponsor of the Indian Premium League cricket tournament, almost a year after the sponsorship deal with the BCCI was suspended amid the India-China border standoff. The company, which competes with players like Xiaomi and Samsung in the Indian market, also said that it will expand its portfolio of premium devices, and focus on new technologies like 5G. https://twitter.com/IPL/status/1368535256014356488?s=20 Vivo India Director Brand Strategy Nipun Marya told PTI on Wednesday Vivo is back as the Title Sponsor of the IPL and it is very encouraging and exciting for us. The IPL is the biggest asset in India and a perfect combination of sports and entertainment, so we are waiting for the IPL to start...

Reliance Home Finance (RHFL) defaults loan repayment of Rs 40 crore to Punjab & Sind Bank – sources

Reliance Home Finance Ltd (RHFL) said Saturday that it has default loan repayment of more than Rs 40 crore from Punjab & Sind Bank, even if the company has enough cash and cash equivalents that it cannot use due to a court order. The Anil Ambani-controlled Reliance Capital’s subsidiary defaulted on the mortgage on February 15, 2021, and the current amount of default is Rs 40 lakh as well as Rs 15 lakh. Reliance Home Finance (RHFL) said in a regulatory deposit that the entire liability of the corporate is Rs 200 crore from Punjab and Sindh Financial Institution, which is on a mortgage of 5 years each of 9.25 percent each year. The company said that the company has more than Rs 1,500 crore in cash (including cash equivalents, liquid mutual fund inv...