Press background on Indiabulls Housing Finance Ltd
Company profile
IBHFL is India’s 2nd largest Housing Finance Company in the private sector with a balance sheet size of Rs. 49,536 crore. It has a network of 214 branches, and a sales team of about 2,000 dedicated and trained employees. It provides quick, convenient and competitively priced home loans to both salaried and self-employed customers. For the fiscal year ending March 2014, the company reported PAT of Rs.1,568.5 crore. IBHFL is AAA rated company.
Highlights Q1 FY 2015-16
PAT up 20.6% at Rs.511 crore
Balance Sheet size at Rs. 59,958.8 crore
Gross and Net NPAs are at 0.85% of total advances & at 0.36% respectively
Provision cover of 137%.
Spreads were stable at 328 bps on book basis and 3... (more)
Jul 21, 2015 15:00 IST
Indiabulls Housing Finance Ltd
-Tenure up to 30 years
-Applicable for salaried & Self Employed
Indiabulls Housing Finance Ltd (IBHFL), country’s second largest private housing finance company has reduced the interest rates of their home loans to 9.90%, a reduction of 20 basis points from ... (more)
Apr 14, 2015 18:15 IST
Indiabulls Housing Finance Ltd
“The FM has cleared the cluttered, and at times convoluted, tax regime and has ushered in a more cogent and predictable tax environment. Good infrastructure is the foundation of meaningful and sustainable GDP growth. The thrust on infrastructure in the budget is a welcome step in this directi... (more)
Feb 28, 2015 17:51 IST
Indiabulls Housing Finance Ltd
Indiabulls Housing Finance Ltd.(IBHFL), India’s second largest private Housing Finance Company is expanding its overseas presence, with the inauguration of its first branch in Dubai. The Company already operates a similar Representative Office in London, which caters to Indian expatriate comm... (more)
Feb 16, 2015 18:01 IST
Indiabulls Housing Finance Ltd
IBHFL 9 month FY15 Net Profit up by 20.9% to Rs. 1,350.2 crore
IBHFL has crossed an important milestone of Rs. I lakh crore of disbursals since commencement of operations
Our total provision cover is 147% of Gross NPA and is 1.6 times the regulatory requirement.
... (more)
Jan 19, 2015 19:32 IST
Indiabulls Housing Finance Ltd
