Indiabulls Housing Finance to raise Rs 10,500 crore debt in Fiscal year 2014

Finance secretary seeks voluntary retirement

He said that 40 per cent of the funds will be arranged through banks, while bonds will also account for a similar component and the portfolio sell down will increase to 20 per cent. The company, listed on the bourses last month, has been doing securitisation transactions for over three years but this year its share will increase, Banga maintained. Rates in the money markets have hardened following the Reserve Bank’s liquidity tightening moves aimed at reducing the speculation on the rupee. The NBFC got listed after the Indiabulls Group completed the reverse merger between Indiabulls Finance Services and Indiabulls Housing Finance.

Indiabulls Housing Finance will raise Rs 10,500 crore debt in Fiscal year 2014 (IE photo)

Even before the housing bust, in which the U.S. government has backed the vast majority of new mortgages, federal entities have had a significant role in the housing market, beginning with the Federal Housing Administration in 1934 and Fannie Mae, which was a government agency created a few years later. The problem: Fannie and Freddie just got too big, said Mr. Obama.

Five Takeaways on Housing-Finance Reform From Obama’s Town Hall

This is the only reasons why I have applied for VRS”. Sources said that Sinha had differences with the political wing over power subsidy and several other issues. However, Sinha clarified, “It is true that I had difference in opinion on some issues but such differences with the government are normal and healthy. However, there were no differences that would precipitate my quitting.” According to sources, Sinha, a 1979-batch IAS officer who held charge of power and finance sector, wanted the government to adopt a “tough approach” in dealing with discoms and had opposed the subsidy to the new set of power consumers citing possible strain on finances. In July, soon after power tariff was hiked, chief minister Sheila Dikshit , with an eye on assembly polls, had announced subsidy for those who consume 400 units or less.

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