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Indiabulls Housing Finance Limited Q1 FY-16 Net Profit up by 20.6% to Rs. 511 Crore | ||||||||||||||||||||||||||
India Highlights Q1 FY 2015-16
First of its kind initiative in India: IBHFL has tied up with CRISIL Ratings to grade all of its incremental LAP loans. This independent scrutiny of individual LAP loans will form a critical input in underwriting and managing the LAP portfolio
Performance Highlights for the Quarter ended June 30, 2015 are:
About Indiabulls Housing Finance: IBHFL is India’s 2nd largest Housing Finance Company in the private sector with a balance sheet size of Rs. 59,959 crore. It has a network of 220+ 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 2015, the company reported PAT of Rs.1,901.2 crore. IBHFL is a AAA rated company. |
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