indiabulls housing finance news today

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...

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...

Tag: indiabulls housing finance news today

Indiabulls Housing Finance says that Crisil has Stabilized the Upgrade