Wednesday, Jan 19 2022 | Time 15:56 Hrs(IST)
image
Business Economy


IIFL Home Finance reports loan book growth of 19 pc

Kochi, Nov 30 (UNI) IIFL Home Finance Limited, a subsidiary of IIFL Finance Limited, has reported loan book growth of 19 percent to Rs 15,320.99 crore in the second quarter of the current fiscal 2021-22 as against Rs 12,892.74 crore a year ago.
Additionally, the Company’s profit after tax grew by 70 per cent year-on-year to Rs 284.02 crore in the half year ending on September 30, 2021, a release said here on Tuesday.
The company also reported a stable net NPA at 1.40 per cent with a provision coverage ratio of 125.52 per cent.
IIFL HFL also signed agreements with banks such as Punjab National Bank, ICICI Bank for sourcing and servicing of housing loans and loan against property, Co-lending with the Central Bank of India and the Standard Chartered Bank for extending credit to MSME loans.
IIFL HFL has disbursed loans totaling to Rs 170 crores till date under these arrangements.
It had recently announced its association with the Asian Development Bank (ADB) and they are coming up with a series of their flagship Kutumb events, which is an initiative towards Green Buildings.
UNI DS CS 1722
More News

Biophore India to manufacture indigenous ingredients of Pfizer’s Covid drug

19 Jan 2022 | 3:44 PM

Hyderabad, Jan 19 (UNI) Biophore India Pharmaceuticals announced on Wednesday that they have developed and started manufacturing the key intermediates of Nirmatrelvir, one of the active ingredients of Paxlovid, the latest anti-Covid therapy, approved by US FDA through the emergency use authorisation route.

see more..

Chola launches 3 new business divisions

19 Jan 2022 | 3:38 PM

Chennai, Jan 19 (UNI) Cholamandalam Investment and Finance Company
Limited (Chola), the financial services arm of Murugappa Group today
launched three new business divisions in the Consumer and SME eco-
system.

see more..

19 Jan 2022 | 2:28 PM

Kozhikode, Jan 19 (UNI) Following were the rates in the Kozhikode Coir
market today per quintal.

see more..

19 Jan 2022 | 2:27 PM

Kozhikode, Jan 19 (UNI) Following were the rates in the Kozhikode Oil
market today per quintal.

see more..

19 Jan 2022 | 2:26 PM

Kozhikode, Jan 19 (UNI) Following were the rate in the Kozhikode Spices
market today per quintal.

see more..
image