March 24, 2026 06:36 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Mamata unveils TMC candidate list for Bengal polls; to face Suvendu in Bhabanipur | ‘Not a one-day battle for me’: Mamata Banerjee on facing Suvendu Adhikari in Bhabanipur | Mamata vs Suvendu: Bhabanipur set for high-voltage showdown | Barbaric: India condemns Pakistani airstrike on Kabul hospital | Middle East conflict: Israel says it killed key Iranian commander during overnight strike | Middle East on edge: Kataeb Hezbollah commander Abu Ali al-Askari killed | Middle East on edge: Kataeb Hezbollah commander Abu Ali al-Askari killed | Afghanistan claims Pakistani airstrike on Kabul hospital left 400 killed, Islamabad denies | ECI orders major reshuffle in Bengal police brass a day after poll announcement | 10 patients killed in fire at SCB Medical College Hospital in Cuttack; staff injured

Bajaj Finance Ltd gets approval to set up a Housing Finance Company

| | Oct 07, 2015, at 02:34 am
Mumbai, Oct 6 (IBNS): Bajaj Finance Ltd, one of the most diversified NBFCs of the country, has received approval from the National Housing Bank (NHB) to set up a Housing Finance Company, as a wholly owned subsidiary.
The company had applied for a license to NHB through its subsidiary Bajaj Housing Finance Ltd. last year and was granted the same on September 24, 2015.
 
Bajaj Finance ltd, the lending arm of Bajaj Finserv Ltd, started its Mortgages business in 2008 and currently offers Home Loans for SMEs and salaried customers, Loan against Property, Lease Rental Discounts, Developer Finance Products to its clients. 
 
The Mortgages business forms about 40% of the company’s loan book of Rs 35,557 crores as on June 30.
 
“Getting the Housing Finance Company (HFC) license is a significant step  for Bajaj Finance Ltd. as it will strengthen our competitive position in mortgages business. The advantages include additional avenues of borrowings, lower risk weights for certain class of loan, easier legal repossession, amidst others,” says Rajeev Jain, MD Bajaj Finance limited.
 
#Bajaj Finance # Housing Finance Company

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm