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Shriram Housing Finance raises ₹680 crore

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Shriram Housing Finance Ltd. (SHFL), a subsidiary of Shriram City Union Finance has raised ₹680 crore from various public and private sector banks and the National Housing Board.

The housing finance company received ₹100 crore each from Indian Bank and United India, ₹150 crore from Canara Bank (securitisation deal), ₹150 crore from Syndicate Bank (term loans), ₹50 crore from ICICI via a pass-through certificate (PTC) and ₹130 crore from NHB through a re-finance scheme, the company said in a statement.

“Despite market challenges, SHFL has not only been able to fulfil its liability obligations, but has also been able to generate fresh business, without compromising on portfolio quality. For all the loans originated from October 2018 till date, there has not been a single delinquent account,” Ravi Subramanian, managing director & CEO, Shriram Housing Finance, said.

Further, SHFL plans to tap the opportunity for cross-selling home loans, the statement said.

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Printable version | Dec 14, 2019 6:56:28 PM | https://www.thehindu.com/business/shriram-housing-finance-raises-680-crore/article29955896.ece

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