Indiabulls Housing Finance logo

IBULHSGFIN - Indiabulls Housing Finance News Story

₹186.8 7.0  3.9%

Last Trade - 11:26am

Sector
Financials
Size
Mid Cap
Market Cap £812.8m
Enterprise Value £6.52bn
Revenue £991.3m
Position in Universe 322nd / 3108

BUZZ-Indian non-banking housing finance cos fall, top govt official raises liquidity concerns

Mon 5th November, 2018 7:59am
** Shares of Indiabulls Housing Finance Ltd  INBF.NS , Dewan
Housing Finance Corp Ltd  DWNH.NS  and PNB Housing Finance Ltd
 PNBH.NS  fall
    ** India's non-banking housing finance companies are facing
liquidity stress and they need to review their funding model for
sustainable growth, Corporate Affairs Secretary Injeti Srinivas
said on Monday  urn:newsml:reuters.com:*:nD8N1WW00V
    ** A string of defaults at an NBFC, Infrastructure Leasing
and Financial Service Ltd (IL&FS), have triggered sharp falls in
Indian stock and debt markets amid fears of contagion within the
rest of the country's financial sector
    ** Indiabulls Housing Finance, down as much as 8.1 pct, was
the top loser on the NSE index  .NSEI , which was 0.44 pct lower
as of 0749 GMT
    ** Dewan Housing Finance falls 12.2 pct, PNB Housing Finance
declines 5.1 pct, and LIC Housing Finance Ltd  LICH.NS  slips
3.3 pct

 ((Reuters Messaging:
ramavenkat.raman.thomsonreuters.com@reuters.net))
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