Bajaj
Finance to launch housing finance arm, seeks National Housing Bank nod
MUMBAI: Non-banking lender Bajaj
FinanceBSE 1.68 % today said its board has given the nod to launch a dedicated
housing finance subsidiary.
The board has given the nod for the formation of a housing finance company as a wholly-owned subsidiary and will now be applying to the sector regulator National Housing Bank (NHB) for a licence, a top executive of the company said.
"We require a capital of Rs 10 crore before we apply and will arrange it through internal accruals," its ..
The board has given the nod for the formation of a housing finance company as a wholly-owned subsidiary and will now be applying to the sector regulator National Housing Bank (NHB) for a licence, a top executive of the company said.
"We require a capital of Rs 10 crore before we apply and will arrange it through internal accruals," its ..
anand maurya
pgdm-3sem
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