February 06, 2026 12:04 am (IST)
Follow us:
Bajaj Finance Ltd gets approval to set up a Housing Finance Company
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.
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.
Latest Headlines
Devyani shares jump 9% despite Q3 loss, hit three-week high
Thu, Feb 05 2026
How a Fixed Deposit Can Strengthen Your Financial Planning in 2026
Thu, Feb 05 2026
Ashok Leyland strikes big deal in Indonesia — Electric buses, defence vehicles in the works
Wed, Feb 04 2026
KFC, Pizza Hut operator Devyani soars 10% after Q3 results
Wed, Feb 04 2026
Massive win for Mahindra: 35,000 LCVs headed to Indonesia in biggest-ever export order
Wed, Feb 04 2026
Yes Bank shares jump after RBI’s big nod for new CEO — here’s what investors are cheering
Wed, Feb 04 2026
Is India moving away from the Dollar? Strategic shift in foreign reserves signals a new era
Tue, Feb 03 2026
Yamaha storms into India’s EV Market with Rs. 1.67 Lakh EC-06
Tue, Feb 03 2026