Sundaram Home Finance eyes ₹225 crore disbursal in Madhya Pradesh
The Hindu
Sundaram Home Finance Ltd aims for 50% home loan growth, opening new branches in Indore, Maharashtra, and Rajasthan.
Sundaram Home Finance Ltd (SHFL) is aiming for a 50% increase in its home loan disbursals for the current fiscal while opening the Indore branch in Madhya Pradesh.
Last fiscal, the company disbursed ₹150 crore in Madhya Pradesh and is targeting disbursements of ₹225 crore, a growth of 50% this year, said Managing Director D. Lakshminarayanan.
SHFL already has a branch in Bhopal. The current move of opening new branches in Maharashtra and Rajasthan in recent months is aimed at steadily increasing SHFL’s presence outside of South India.
Over the next 12-18 months, SHFL is planning to open three more branches in MP, said the wholly owned subsidiary of Sundaram Finance Ltd.
Increasing affordability, residential properties ranging from small homes to villas and increasing demand for plots are said to be the reasons for SHFL’s foray into Indore. Besides, it will cater to the growing market needs.
“We are also seeing an increasing presence of MSMEs and that provides us with opportunities to provide working capital funding,” he said.
“We believe that in terms of ticket sizes, credit profiles and growth opportunities, Indore presents a sweet spot,” he said.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Nissan cuts U.S. production, offers buyouts to workers in global restructuring plan to boost profitability.
Finance Minister Nirmala Sitharaman to present record eighth consecutive Union Budget, focusing on economic growth and middle-class relief.
Deputy Commissioner of Police in Manesar imposes prohibitory orders ahead demonstration by temporary Maruti workers, sparking criticism from labour rights activists.
SoftBank is in talks to invest as much as $25 billion into OpenAI, the Financial Times reported.
Benchmark indices Sensex and Nifty rebounded, led by Bajaj Finance and Bajaj Finserv, despite early losses and FII selling.
Rupee weakens against US dollar due to FED's hawkish outlook, foreign fund outflows, and domestic market trends.
According to the company, the technology, protected by multiple international patents, facilitates the creation of a plastic-to-plastic circular economy, where commonly used plastics such as polyolefin packaging no longer need to be down-cycled, incinerated or landfilled at the end of their life. Instead, they can be continuously recycled in a closed-loop, without any loss of quality.
Meta beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts.
Union Budget 2025: Analysis of Indian economy's growth patterns, fiscal spending, and impact on consumption trends, highlighting need for policy changes.
OpenAI warns of Chinese companies reverse engineering AI models, sparking tensions over intellectual property protection.
NCLT orders inquiry against Byju's resolution professional, restores Aditya Birla Finance as financial creditor, nullifies CoC reconstitution.
U.K. Chancellor Rachel Reeves signals that Britain was not destined to decline, announces a slew of projects and regulatory changes.
The Centre on January 29 urged airlines to maintain ‘reasonable fares’ for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the pilgrim city.
The Centre on January 29 urged airlines to maintain ‘reasonable fares’ for devotees making their way to Prayagraj for the ongoing Maha Kumbh. IndiGo said it has slashed down ticket prices by 30% to 50% on flights to and from the pilgrim city.
Union Budget 2024 slashes agriculture subsidies, farmers demand MSP implementation, loan waivers, and comprehensive crop insurance in 2025 Budget.
Budget updates: India's Union Budget 1955-56 under Finance Minister C.D. Deshmukh laid the foundation for industrialization and economic growth.
Stock market indices Sensex and Nifty surged nearly 1% on Wednesday, driven by IT, capital goods, and industrial stocks.
Union Cabinet approves higher ex-mill price for ethanol from C heavy molasses, advancing 20% ethanol blending target to 2025-26.