With the promoters of two housing finance companies exiting the business, is there a shake out happening in the sector?The two exits small and the big ones were announced in quick succession.The Pune-based Poonawalla Fincorp Ltd announced .
Accordingly, the city-headquartered firm, a wholly owned subsidiary of Sundaram Finance Ltd, would revise the rates by 50 basis points across trusts, individuals 7.15 per cent as against 6.65 per cent, senior citizens 7.50 per cent as against 7 per cent, on deposits for 12 months. Get more Banking News and Business News on Zee Business.
City-based housing finance company, Sundaram Home Finance is foraying into business loan financing for small traders, shops and business owners.The business loan will be extended to these people against their residential property for business .