REG - Housing Dev Fin Corp - Intimation SEBI Listing Regulations - Annoucement
RNS Number : 2010WHousing Development Fin. Corp. Ltd.21 April 2021Ref. No. SE/ 2021-22/30
April 21, 2021
BSE Limited National Stock Exchange of India Limited
P. J. Towers Exchange Plaza, Plot No. C/1, G Block
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Kind Attn: Sr. General Manager Kind Attn: Head - Listing
DCS - Listing Department
Dear Sirs,
Sub: Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Co-lending Partnership to offer housing loans with Indiabulls Housing Finance Limited (Indiabulls HFL)
The Corporation has entered into a strategic co-lending partnership with Indiabulls HFL to offer housing loans to homebuyers at competitive rates, subject to the compliance with the applicable law(s) including the applicable guidelines issued by Reserve Bank of India (RBI). The participation by both the entities in extending the credit facilities shall be on a sharing of risk and reward basis on mutually agreed terms.
Indiabulls HFL is a RBI regulated housing finance company with pan India branch network and has a track record of customer acquisition.
Under the arrangement, Indiabulls HFL will originate and process retail home loans as per jointly formulated credit parameters and eligibility criteria. The Corporation will have 80% of the total loan in its books and its share of every loan will be approved by the Corporation. Indiabulls HFL will service the loan account throughout the life cycle of the loan. Technology led co-lending is expected to help both the companies to offer convenient and seamless experience to its customers as well as help expand their reach to Tier III and IV cities of India.
We request you to bring the above to the notice of all concerned.
Thank you,
Yours faithfully,
For Housing Development Finance Corporation Limited
Ajay Agarwal
Company Secretary
cc: London Stock Exchange
10, Paternoster Square
London EC4M 7LS
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCEAALFASDFEFA
Recent news on Housing Development Finance
See all newsREG - Stock Exch Notice - Admission to ISM - 05/07/2023
AnnouncementREG - Housing Dev Fin Corp - Integrated Report for FY23
AnnouncementREG - Housing Dev Fin Corp - Updates for the quarter ended June 30, 2023
AnnouncementREG - Housing Dev Fin Corp - Annual Financial Report FY 2023
AnnouncementREG - Housing Dev Fin Corp - Outcome of Board Meeting - June 30, 2023
Announcement