December 24, 2024 11:39 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Five soldiers killed, several injured as Army truck falls into Poonch gorge | Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip

DMI Finance expands its housing finance business

| | Sep 24, 2014, at 03:24 am
#DMI Finance expands its housing finance business
New Delhi, Sept 23 (IBNS): DMI Finance, a leading NBFC in India, has today announced plans to expand the retail business of its subsidiary DMI Housing Finance.
While DMI Finance continues to focus on providing wholesale corporate loans pan-India, DMI Housing Finance is focusing on expanding its business of providing mortgages and LAPs to home buyers and owners.
 
Speaking on the occasion, Yuvraj Singh, co-founder and joint-MD, DMI Finance said, “We are very excited about the retail mortgage business in India. Total mortgage debt remains lower than 10% of GDP while in the US it is closer to 80% of GDP. A youthful population, rapid urbanization, regular income growth and a very supportive Government is creating a huge opportunity for both borrowers and lenders.”
 
 Shivashish Chatterjee, co-founder and joint-MD added: “Household wealth in India is almost $4 trillion of which about $3 trillion is locked in real estate. Housing finance is an effective way to unlock this wealth for more productive use. DMI Housing Finance will play its part in this very important function with an initial focus on North India. We expect to continually expand our product offering to meet the varying needs of home buyers and owners.”   

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am