Tag Archives: Indiabulls

Indiabulls Housing Finance to exit developer loan segment in next 3-5 years

Indiabulls Housing Finance (IBH) will exit the risk-laden developer loan, or commercial real estate segment, in the next three to five years as it rejigs business strategy after the Reserve Bank of India turned down the mortgage lender’s proposed merger with Lakshmi Vilas Bank. “We have to run down builder loans over the next three to five years and make ... Read More »

Share market update: Nifty Financial Services index up; Indiabulls Housing Fin rises 2%

NEW DELHI: The Nifty Financial Services index was up with its components trading on a mixed note in Thursday’s afternoon session. Shares of Indiabulls Housing Finance (up 2.03 per cent), Max Financial ServicesNSE 0.23 % (up 1.82 per cent), Housing Development Finance Corporation (up 1.73 per cent) and State Bank of India (up 0.62 per cent) were the top gainers in the ... Read More »