Chennai: The NBFC reached the pre-covid level in the disbursement of new loans in the second quarter of TA22, after posting warm growth in the April-June quarter due to the second covid wave.
HDFC said the July disbursement was the highest in the non-quarter month.
“Growth of home loans comes from affordable housing segments and upper class traits,” said MD Renu Sud Karnad.
“Pandemics have revived the importance of home ownership.
The work-of-house concept also triggers the need and creates a request for a larger room as a subset,” said Y Viswanatha Gowd, MD and CEO of housing finance.
Shriram finance housing channeled a fresher home loan to touch RS 650-700 Crore Mark in July-September, 2021 from Rs 220 Crore in April-June.
MD & CEO Ravi Subramanian said, “We have reached the level of pre-covid loan disbursement.” In August, M & M Finance recorded a growth of 57% YoY in disbursement at Rs 2,150 Crore.
Indiabull housing finance said new loan distribution had taken steps from July, registering month growth to the moon.
In August, he distributed around RS 550 CR retail loans and is expected to melt around RS 750 CR retail loans in September.