Sebi bans Kerala Housing Finance to raise funds from public

  By Accommodation Times News Service Sebi, the capital market regulator has barred the Kerala Housing Finance from raising any fresh funds from the public. The move came from Sebi receiving a reference from National Housing Bank stating that Kerala Housing Finance raised funds from the public without complying with the regulatory

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)

Fullerton India receives Housing Finance Licence from NHB will start operations from Nov

By Accommodation Times  News Services Fullerton India, a non-banking finance company, plans to enter mortgage business as it has received license to set up a housing finance subsidiary. National Housing Bank has accorded permission to Fullerton India to set up fully-owned subsidiary as Fullerton India Home Finance Company Limited (FIHFC). Mr. Rakesh Makkar, Executive Vice-President

Credit Policy of different Housing Finance Banks

By Accommodation Times News Service 1. Providing links monetary policy to the overall strategy of economic development. Credit policy should be considered as one of the essential elements of the overall economic development strategy of the bank and requires coordination with its deposit, the interest in politics, policy, and management of

New Housing Finance Scheme from LIC HF

LIC Housing Finance has launched a new floating rate scheme under which it will offer home loans at 300-385 basis points below its prime lending rate (PLR). Under the `Freedom` scheme, the housing finance company (HFC) will give home loans up Rs 30 lakh at the current PLR (13.75%) less 385

Maharashtra Budget: Govt allocates Rs 6,895 Cr for Housing for All scheme

By Rohit Sharma MUMBAI: Maharashtra Finance Minister Sudhir Mungantiwar tabled the interim budget for four months, April to July, on February 27. The Maharashtra Government will table the additional budget in its next session. The interim budget allocated Rs 6,895 crore for the PMAY or ‘Housing for All’ scheme and also announced Rs

Chapter II: Properties On The Plots Allotted By Cidco To Co-Operative Housing Societies

By Advocate S. R. Agarwal Besides leasing out the plots by CIDCO as tender plots as discussed in the earlier Article, plots are allotted by CIDCO to various groups at concessional rates, decided from time to time, including Housing Co-operative Societies formed by the persons of 15 years domicile in Maharashtra. As per

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