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IBULHSGFIN - Indiabulls Housing Finance News Story

₹178.5 1.9  1.1%

Last Trade - 8:05am

Sector
Financials
Size
Mid Cap
Market Cap £780.8m
Enterprise Value £6.49bn
Revenue £990.6m
Position in Universe 324th / 3105

India's non-banking housing finance lenders facing liquidity stress: official

Mon 5th November, 2018 6:33am
NEW DELHI, Nov 5 (Reuters) - India's non-banking housing
finance companies are facing liquidity stress, Corporate Affairs
Secretary Injeti Srinivas said on Monday.
    Srinivas said the finance companies need to review their
funding model so that they can aim for sustainable growth.
    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.
    Shares in housing finance lenders Indiabulls Housing Finance
 INBF.NS , Dewan Housing Finance Corporation  DWNH.NS  and PNB
Housing Finance  PNBH.NS  were trading down between 3 percent
and 8 percent on Monday.

 (Reporting by Manoj Kumar and Aditi Shah; Editing by Malini
Menon)
 ((manoj.kumar@thomsonreuters.com; +91 11 4954 8029; Reuters
Messaging: manoj.kumar.thomsonreuters.com@reuters.net))
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