IFC to invest $38 million in three Housing Finance Companies in India

By Accommodation Times News Services International Finance Corporation (IFC) has announced to invest $38 million in three housing finance companies in India, which offers affordable home loans, as the World Bank’s private-sector lending arm seeks to expand its presence in a segment that offers loans for low-cost houses. The three home loan

Government exempts housing finance companies from XBRL filings

  By Accommodation Times News Service Providing relaxation for housing finance companies, the Corporate Affair Ministry has exempted such entities from filing financial statements in XBRL format. XBRL, or Extensible Business Reporting Language, provides a common, electronic format for business reporting. In a recent notification, the Corporate Affairs Ministry said "housing finance companies

NHB asks housing finance companies to share details of the default amount

By Accommodation Times News Service Accordingly, NHB framed guidelines to put in place a mechanism of sharing information on willful defaults of Rs 25lakh and above so as to ensure further funds are not made available to them Housing finance companies regulator, National Housing Bank, has asked mortgage firms to share information

Six new housing finance companies gets licence from NHB

By Accommodation Times News Services Government is firmed on its ambitious mission ‘Housing for All by 2022’ and is implementing effective measures for to accomplish the mission. Government is pushing government entities to facilitate people and ease the means and ways for them to buy home. Recently, Reserve Bank of India (RBI)

Housing Finance Companies Eligible to provide home loans

              By Accommodation Times News Service List of Housing Finance Companies granted Certificate of Registration (COR) under section 29A of the National Housing Bank Act 1987 Housing Finance Companies are mainly carries on the business of housing finance or has one of its main object clauses in the Memorandum of Association of carrying

Housing finance companies raised their funds by five times

The authorities of housing finance companies have increased their own fund by five times to make sure that the players those are interested in this sector are really serious for business progress. In the last meeting National Housing Bank (NHB) board has decided to increase the least net owned fund

Beware of Housing Finance Companies they can takeover your house

By a Staff Reporter The amendment of the Securitisation and Reconstruction of financial assets & enforcement security Act 2002, has been assailed by Advocate Sanjeev Kanchan, the president of the Citizens’ Organisation of Public Opinion (COPO). Lashing out at the amended act, Mr Kanchan pointed out that now the Housing Finance Companies

Recent Housing finance scandal likely to be a setback to realty companies

NEW DELHI: The ongoing investigation of LIC Housing Finance and some public sector banks is set to impact realty companies, which are already facing a crisis of confidence among institutional investors. The development will adversely impact their ability to raise resources either through debt or equity. Given their market performance

NoFund: Housing Finance Com cuts down disbursements

By Accommodation Times Bureau NEW DELHI This year as RBI examines tighter regulations and finance market becomes cautions, the non-banking finance companies including housing finance firms tend to be staring at low growth and higher credit cost. According to the source, the growth by 200-500 basis points would be down as lending declines