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By Soumyadip Chattopadhyay, Arjun Kumar
Twenty-first Century India is urbanizing at a massive scale. The country is expected to house half of its population in urban areas by the year 2040. Cities, especially the larger ones, have been placed at the centre of the economic growth strategies. However, the increasing pace of urbanisation in India has not been matched by adequate planning, governance and infrastructure development. The impacts of the COVID-19 pandemic have further exposed the shortcomings of Indian cities in addressing urban densification and inadequate provision of urban basic services including drinking water and sanitation.
This pandemic has affected the urban poor more than anyone else. The engines of our economic growth have been derailed due to massive disruption in economic and related activities inflicted by this pandemic. Given the predominance of informal production and labour relations in the Indian cities, a cessation of all economic activity is bound to h
Muthoot Homefin aims to disburse ₹700 crore of home loans in FY22
February 22, 2021
Will focus on expanding our housing finance operations in Southern States: MD George Alexander Muthoot Muthoot Homefin (India) Ltd, a wholly owned subsidiary of Muthoot Finance, is aiming to disburse ₹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. As of now, we will be focussing on expanding our housing finance operations in the Southern States of the country. With the additional focus towards collections in FY2020-21, the company has been able to contain delinquencies on the portfolio during the pandemic and have now stabilised its collections,” said George Alexander Muthoot, Managing Director.
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
(Photo: iStock)
. 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.