Looking for a home loan? This startup is ensuring hassle-free loans with its automated platform
Gurugram-based Basic Home Loans is working to digitise home loans and increase affordable loan penetration for middle and low-income households.
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Housing is a fundamental need and it determines the aspiration of a society. In the last decade, there has been a lot of innovation to support housing for middle and low-income groups from the government. It is also an area of interest for many financial institutions.
Basic Loans was founded by
Atul Monga, Kalyan Josyula, and Pranav Khattar in 2020 to make home loans a faster and stress free process. The startup is working to digitise home loans and increase affordable loan penetration for middle and low-income households.
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Sensex jumps around 200 points in opening trade, Nifty tests 14,750
Equity benchmark Sensex jumped nearly 200 points in early trade on Wednesday (April 7), tracking gains in index heavyweights Reliance Industries, Bharti Airtel and State Bank of India (SBI) ahead of the Reserve Bank of Indiaâs (RBI) monetary policy outcome.Â
The 30-share Bombay Stock Exchange (BSE) index was trading 199.01 points or 0.40 per cent higher at 49,400.40, and the broader National Stock Exchange (NSE) Nifty advanced 68.90 points or 0.47 per cent to 14,752.40.
Reliance Industries was the top gainer in the Sensex pack, rising over 2 per cent, followed by Bharti Airtel, PowerGrid, UltraTech Cement, Dr Reddyâs, IndusInd Bank and ONGC. On the other hand, Tata Consultancy Services (TCS), Tech Mahindra, Kotak Bank and Housing Development Finance Corporation (HDFC) twins were among the laggards.
Engine of country s growth, capital markets must be nurtured: Uday Kotak thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
HDFC Bank reports 14 pc jump in deposits at Rs 11.32 lakh crore ANI | Updated: Apr 05, 2021 10:56 IST
Mumbai (Maharashtra) [India], April 5 (ANI): HDFC Bank, the second largest lender in India by deposits, said on Monday its advances aggregated to Rs 11.32 lakh crore as of March 31, marking a growth of 13.9 per cent over Rs 9.93 lakh crore a year ago.
It also marked a growth of 4.6 per cent over 1.08 lakh crore as of December 31, 2020.
As per regulatory (Basel 2) segment classification, domestic retail loans as of March 31 this year grew by 7.5 per cent over March 31, 2020 and 5 per cent over December 31, 2020.
Domestic wholesale loans grew by 21 per cent and 4.5 per cent over December 31, 2020.
HDFC Bank Q4 advances up 14%, deposits grow 16%
April 05, 2021
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Private sector lender HDFC Bank reported a 13.9 per cent growth in advances as on March 31, 2021 compared to a year ago and 16.3 per cent increase in deposits in the same period.
In a regulatory filing on Monday, the bank said its advances rose to ₹11.32 lakh crore as of March 31,2021 compared to ₹9.93 lakh crore in the same period a year ago. On a quarter on quarter basis, advances grew by 4.6 per cent over ₹10.82 lakh crore as of December 31, 2020.
“As per regulatory (Basel 2) segment classification, domestic retail loans as of March 31, 2021 grew by around 7.5 per cent over March 31, 2020 and around 5 per cent over December 31, 2020; domestic wholesale loans as of March 31, 2021 grew by around 21 per cent over March 31, 2020 and around 4.5 per cent over December 31, 2020,” HDFC Bank said.