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Indiabulls Housing expects over 20% growth in current fiscal

7 October, 2018 2:14 PM
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Indiabulls Housing expects over 20% growth in current fiscal

Mortgage lender Indiabulls Housing on October 7 said it has high liquidity as well as capital adequacy and is confident of growing its business by 20 percent plus in the current macro environment. The statement comes amidst concerns of liquidity crisis for the NBFC sector.

"Indiabulls Housing has over the years followed the strict discipline of maintaining an optimally matched balance sheet, high liquidity, and high capital adequacy," the company said in its Liquidity and ALM Update.

Indiabulls Housing remains comfortably placed, and as demonstrated consistently in the past 8 years, is confident of growing its business by 20 percent plus in the current macro environment, it said.

This is the only non-bank company in India to follow a strict and conservative practice of repayments through a third-party trust managed by Axis Bank Trustee, wherein all scheduled repayments are transferred to the trust 7 days in advance on a rolling basis, thereby ensuring timely, fail-proof repayment discipline of all obligations, it added.

Also read: Cyient posts 54% growth in Q2 net profit at Rs 127.1 crore; operating profit up 24%

Source: moneycontrol.com

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