Digital lending platform and footprint will be the enabler:
Reliance Home Finance provides a wide range of solutions like home loans, affordable housing loans, loans against property (LAP) and construction finance. The company has a strong distribution network, through a ‘hub and spoke’ model, across the country, serving over 45,000 client accounts.
The total disbursements by the company stand at ₹8695 crore (US$ 1.3 billion), a yoy increase of 19%. In FY18, the company had disbursed ₹14.91 billion across 14,400 cases in affordable housing (growth of 40% yoy) and ₹23.36 billion across 4700 cases in home loan products (growth of 14% yoy). As much as 75% of its home loan disbursements are made for the self-employed class. The average ticket size of affordable housing loan is about ₹13 lakh and that of home loans is ₹61 lakh.
COUNTRYWIDE SPREAD
Ravindra Sudhalkar, ED & CEO, shares the geographic spread: “Our portfolio is spread across the country with a focus in the west, which contributes 60% of the portfolio. North and south combined add another one third to the portfolio.”
MEDIUM TERM OUTLOOK
Denne historien er fra May 2018-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2018-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.