Tag Archives: Indiabulls

Indiabulls Housing Finance says no loans outstanding from Yes Bank, share price rally 29%

Indiabulls Housing Finance witnessed a rally in Friday’s trading session after the company’s regulatory filing stated clearly it has no outstanding loans from Yes Bank. The filing also added that Sameer Gehlaut is currently in the UK and will cooperate with the investigation surrounding Yes Bank soon after the ban is lifted from international flights. “Indiabulls Housing has no loans ... Read More »

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 »