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Looking for a home loan? This startup is ensuring hassle-free loans with its automated platform

Looking for a home loan? This startup is ensuring hassle-free loans with its automated platform
Gurugram-based Basic Home Loans is working to digitise home loans and increase affordable loan penetration for middle and low-income households.
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Housing is a fundamental need and it determines the aspiration of a society. In the last decade, there has been a lot of innovation to support housing for middle and low-income groups from the government. It is also an area of interest for many financial institutions.
Basic Loans was founded by
Atul Monga, Kalyan Josyula, and Pranav Khattar in 2020 to make home loans a faster and stress free process. The startup is working to digitise home loans and increase affordable loan penetration for middle and low-income households. ....

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Central Bank of India cancels agreement to sell stake in housing finance subsidiary

Central Bank of India cancels agreement to sell stake in housing finance subsidiary
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Centrum Capital Ltd arm to acquire 64.40% stake in Cent Bank Home Finance Ltd

Centrum Capital Ltd arm to acquire 64.40% stake in Cent Bank Home Finance Ltd
Posted On:
2020-12-24 09:01:28
(Time Zone: Arizona, USA)
Centrum Housing Finance Limited, a subsidiary of Centrum Capital limited has entered into a Share Purchase Agreement with Central Bank of India ( CBoI ) for acquisition of CBoI s entire equity stake in Cent Bank Home Finance Limited ( CBHFL ) constituting 64.40% (sixty four point fourty percent) of the share capital of CBHFL on a fully diluted basis, subject to the receipt of regulatory approvals first being obtained and compliance of applicable law.
Cent Bank Home Finance Limited is a deposit-taking Housing Finance and Mortgage Company jointly promoted by four Public Sector Institutions, viz. Central Bank of India, National Housing Bank, Specified Undertaking of Unit Trust of India and Housing and Urban Development Corporation. ....

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