• About Us
  • Contact Us
Current Date

  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

    Citi invests in Peru’s fintech firm Rextie

    Government finalises borrowing plan for second half of FY 2023-24

    RBI asks Regulated Entities to release documents within 30 days of loan repayment

    CBDT notifies changes to Rule 11UA in respect of angel tax

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    M Rajeshwar Rao re-appointed as RBI Deputy Governor

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

    Piramal Finance aims at ‘Budget Bharat’ to expand

    India’s Piramal plans to raise $1.5bn for private credit

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    WhatsApp introduces ‘Flows’ for its business platform

    WhatsApp introduces ‘Flows’ for its business platform

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

    Citi invests in Peru’s fintech firm Rextie

    Government finalises borrowing plan for second half of FY 2023-24

    RBI asks Regulated Entities to release documents within 30 days of loan repayment

    CBDT notifies changes to Rule 11UA in respect of angel tax

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    M Rajeshwar Rao re-appointed as RBI Deputy Governor

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

    Piramal Finance aims at ‘Budget Bharat’ to expand

    India’s Piramal plans to raise $1.5bn for private credit

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    WhatsApp introduces ‘Flows’ for its business platform

    WhatsApp introduces ‘Flows’ for its business platform

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
No Result
View All Result
B2B Infomedia
No Result
View All Result
Home BFSI

Rising interest rates to lower loan sales growth of housing finance companies: IndRa

Prashant Dwivedi by Prashant Dwivedi
March 2, 2023
in BFSI
A A
0
SIDBI likely to revamp microfinance equity fund scheme
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Housing finance companies are likely to see a marginal dip in their loan sales growth to 12.3 per cent next fiscal in the wake of rising interest rates and property prices and the resultant moderation in home affordability, India Ratings said in a report on Tuesday.

These factors along with rising inflation will impact borrowers cash-flows, which will also hit the asset quality marginally, it said.

The credit rating agency expects a marginal uptick in the stressed accounts, which already has been visible since early FY23 due to the rising inflation and interest rates on borrower cash flows.

Non Performing Assets (NPAs) peaked at 2.9 per cent in FY21, and then marginally improved to 2.8 per cent in FY22 for the top 12 HFCs, The overall stressed book (defaults and restructured loans) remained around 4 per cent in both FY22 and FY21.

The agency projects the GNPA to moderate to 2.5 per cent in FY23, but rise marginally to 2.67 per cent in FY24. However, the impact on the overall credit cost will be minimal and remain at the levels seen in FY23.

The housing finance companies could grow 12.3 per cent on-year in FY24, marginally down from 12.6 per cent in FY23. The industry grew 10.4 per cent growth in the previous fiscal. Industry growth will be driven by the affordable segment clipping at 16 per cent, the agency said.

The AUM of parent-supported HFCs has grown at a faster pace of 31 per cent than the overall industry growth rate of 12.4 per cent in the first three quarters of the outgoing fiscal year, it added and maintained its stable outlook on the segment for the next fiscal.

While competitive pressures will remain high for the sector, lenders will look to diversify across non-housing to mitigate margin pressures, it said, adding it expects affordable housing financers to witness continuing strong loan growth, largely due to increasing geographic penetration, increase in ticket size along with additions in customer base due to the increasing sense of home ownership.

Given this, the agency expects the demand seen during the pandemic on account of the increased urge for home ownership and continuation of home upscaling will continue in the medium term, driving growth for lenders in FY24.

(With inputs from PTI)

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Economic Times
Tags: bfsiHousing FinanceNPA
Previous Post

Axis Bank completes buyout of Citi’s India consumer business

Next Post

Bank of Baroda board approves 49 per cent stake divestment in BFSL

Prashant Dwivedi

Prashant Dwivedi

Related Posts

Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer
BFSI

Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

September 28, 2023
Citi invests in Peru’s fintech firm Rextie
BFSI

Government finalises borrowing plan for second half of FY 2023-24

September 27, 2023
RBI asks Regulated Entities to release documents within 30 days of loan repayment
BFSI

CBDT notifies changes to Rule 11UA in respect of angel tax

September 27, 2023
Next Post
Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

Bank of Baroda board approves 49 per cent stake divestment in BFSL

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4th BFSI & Fintech Conclave & Awards 2023 4th BFSI & Fintech Conclave & Awards 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

September 28, 2023
Digitally-skilled youth can harness potential of technology, says Education Minister

Digitally-skilled youth can harness potential of technology, says Education Minister

September 28, 2023
Perfios gets $229 million from Kedaara Capital

Doceree raises $35 million in Series B funding, led by Creaegis

September 28, 2023
REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

September 28, 2023
B2B Infomedia

Be To Be Infomedia Pvt. Ltd. represents the inovative platfrom to the clients and widely recognised as one of the ponier networking platfrom with the team of young, creative, dynamic & dedicated professionals.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Health
  • Interviews
  • Pharma
  • Startup
  • Technology
Subscribe to our Newsletter
johnsmith@example.com
  • About Us
  • Contact Us

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In