I don't know if you have observed that they are among the few once to increase the interest rates, but when it comes to reduce the same they are among the last few. They are not good for their existing customers. I am thinking of moving away from India bulls.Read more...Read less...
2017-05-22 :Indiabulls Asset Reconstructions gets final nod from RBI to launch its operation
Indiabulls Asset Reconstructions (IAR), a wholly owned subsidiary of Indiabulls Ventures, has received a license from RBI to launch its business. RBI further notified that it has given its final nod to IAR in order to provide assistance to the existing banks and financial institutions in reducing their NPAs.
2017-05-16 :Indiabulls reduces home loan interest rate to 8.35%
Indiabulls has announced a rate cut in its home loans. The rate for female salaried borrowers now stands at 8.35 per cent for up to a loan amount of Rs. 30 lakhs. The interest rates for male borrowers have been reduced by 10 basis points to 8.40 per cent from 8.50 per cent earlier.
2017-05-04 :CRISIL upgrades credit rating of Indiabulls Housing Finance
Indiabulls Housing Finance has announced that the rating agency CRISIL has upgraded its rating on the long-term debt instruments and bank facilities to ‘CRISIL AA+/Positive’ from ‘CRISIL AA+/Stable’. The company believes that the upgrade will help them reduce their cost of borrowings and hence, improve their profitability.
2017-04-29 :Indiabulls home launches new campaign to connect with migrants
Indiabulls home Loans has launched ‘Sheher Mein Apna Ghar Ho Toh’ campaign that directly connects with the migrant population in a city. This initiative enables migrants to connect better with the new city while buying their new house. Moreover, the company’s target is to provide the convenience and superior home loan experience.
2017-04-25 :Indiabulls Housing Finance Q4 net up 24%
Indiabulls Housing Finance has reported a 24 per cent increase in net profit for the March quarter.Net profit for the fourth quarter of this fiscal year stood at Rs. 841 crore as against from Rs. 676 crore a year ago. Vice chairman, Gagan Banga, Indiabulls, stated that the company has observed a good growth in the geographies of Bombay, Pune, Bangalore and Hyderabad in its home loan portfolio.
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