Arvind Hali assets that MOHFL is focusing on firsttime homebuyers in LIG and EWS segments
Ravi Lalwani: What change in patterns of home demand and home loan demand are you seeing post 12 months of covid? How has your business responded to these changes?
Arvind Hali: We observed an uptick in housing demand post covid wave-1 however the same can be attributable to the lull period during 6 months of continuous lockdown. The actual demand resurfaced from Jan21 onwards when several initiatives were also undertaken like discount by builders, benign interest rates, cut in registration charges from state governments, and rise in awareness about home ownership. As a result, the housing industry did one of the best disbursements in H2FY21. However demand plummeted from April-21 due to covid wave 2.
Amid both the covid waves, lenders were also treading with caution, especially in the affordable segment where the customer base has lower immunity towards economic shock. MOHFL was not untouched by the above and witnessed strong traction in disbursements from Jan-21 to Mar-21. We believe demand for housing is likely to remain strong in the near term and HFCs are likely to benefit from this. We are alert and have started ramping up our sales force. We have spread our wings in the northern part of the country by opening branches in NCR and Haryana.
Denne historien er fra October 2021-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 October 2021-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
Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap:
