Non-banking financial company (NBFC)
Dont jump up when you hear or read the news which would say NBFC and PE have merged, thanks to Piramal Capital. Piramal Capital has made the private equity domains an the non banking financial company, Indiareit and Piramal Finance join hands and called for an integrated vertical, now named Piramal Fund Management, says a [...] Continue Reading »
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal. Presently, around 6 per cent of the NBFC’s total loan portfolio constitutes of developer loan. By the end of June quarter, LIC HF’s [...] Continue Reading »
The severe liquidity crunch during year 2010 and 2011 had stalled all the realty transactions in India. There was a complete downfall in the constructions, rent-in, rent-out and even sale deeds. A new life has been brought into real estate industry, wherein around Rs.200 crore from JM Financial Ltd’s non-banking financial company (NBFC) has been [...] Continue Reading »
