Tag Archives: segment

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 »

ShopClues to enter unboxed gadgets segment, eyes doubling GMV

Online marketplace ShopClues is entering the unboxed and refurbished electronic gadgets category and targets doubling its gross merchandise value with a customer count of 9 million by the end of this fiscal. The company aims to organise the mostly unstructured category of used and unboxed electronics, it said. “With a focus on the ‘re-new’ gadgets category, ShopClues is structuring the ... Read More »