Muthoot Homefin plans to disburse ₹700 cr home loans in FY22
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The company has transferred over ₹300 crore of loan subsidy under Pradhan Mantri Awas Yojana s Credit Linked Subsidy Scheme
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. Updated: 21 Feb 2021, 03:41 PM IST PTI
In the first nine months of the current fiscal, the mortgage financier s standalone profit after tax dropped 75.49 per cent to ₹7.5 crore from ₹30.6 crore in the year-ago quarter
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Mumbai: Muthoot Homefin (India) Ltd (MHIL), a wholly-owned subsidiary of Muthoot Finance, on Sunday said it plans to disburse ₹700 crore of home loans in the 2021-22 fiscal. In the first nine months of 2020-21, the housing finance company disbursed ₹85.6 crore as against ₹356.4 crore in the same period of the previous fiscal.
The company has transferred over Rs 300 crore of loan subsidy under Pradhan Mantri Awas Yojana s Credit Linked Subsidy Scheme from National Housing Bank (NHB), the release said.
The company has transferred over Rs 300 crore of loan subsidy under Pradhan Mantri Awas Yojana s Credit Linked Subsidy Scheme from National Housing Bank.
Muthoot Homefin (India) Ltd (MHIL), a wholly-owned subsidiary of Muthoot Finance, on Sunday said it plans to disburse Rs 700 crore of home loans in the 2021-22 fiscal. In the first nine months of 2020-21, the housing finance company disbursed Rs 85.6 crore as against Rs 356.4 crore in the same period of the previous fiscal. Currently, it has assets under management of Rs 1,800 crore, a company release said. The company s Managing Director George Alexander Muthoot said the company is aiming to disburse Rs 700 crore of home loans in FY2021-22. We are steadfastly progressing on taking the Housing for All initiative of the government to the farthest tier II and III locations in the country in order to support the affordable housing needs and aspirations of every Indian.
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