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Housing finance firms (HFCs) want the government's Credit Risk Guarantee Fund Trust for Low-Income Housing reformed. The idea aims to enhance house loan guarantee cover to ₹25 lakh, up from the present maximum of ₹5 lakh, as per sources.
- 9th Oct 2024
- 1164 Views
Leading private equity company TA Associates acquired a major minority investment in Vastu Housing Finance Corp., a pan-India diversified lending organisation, on Thursday. Investments included the International Finance Corporation.
- 18th Jul 2024
- 1189 Views
Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.
- 28th Dec 2023
- 1335 Views
Bandhan Bank's request of bids for its INR 775-crore portfolio of problematic affordable housing loans may indicate lower-income hardship, according to sources.
- 3rd Dec 2023
- 1279 Views