Sundaram Home Finance expands presence in Telangana
The Hindu
SHFL opens new branch in Hyderabad, expanding presence in Tier-2/3 cities. MD expects real-estate growth to boost home finance biz in Andhra/Telengana. Disbursements of ₹400 crore last year, 20% growth expected this year. SHFL to foray into affordable-housing, open 10 branches & hire 50-75 people by 2024. June quarter net profit of ₹57 crore on disbursements of ₹1,104 crore.
Sundaram Home Finance Ltd. (SHFL) has opened a new branch at Begumpet in Hyderabad as part of its foray into Tier-2 and Tier-3 cities, taking the tally to six in the city.
“We believe there is a lot of potential for our home finance business in Andhra and Telengana,”said MD Lakshminarayanan Duraiswamy in a statement.
“The State’s infrastructure is boosting real-estate growth. We expect this expansion to strengthen our overall presence in the State capital,”
On the growth prospects in Telengana, he said, “Telengana registered disbursements of over ₹400 crore last year and we expect a growth of 20% this year from this region.”
Earlier this month, SHFL announced plans to foray into the affordable-housing segment and added it will open 10 branches and hire 50-75 people by March 2024.
For the June quarter, SHFL posted a net profit of ₹57 crore on disbursements of ₹1,104 crore.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.
Investors shifted to Gold ETFs in December 2025, with record inflows amid macro uncertainty and declining equity returns.
Aurobindo Pharma's subsidiary receives Health Canada NOC for Dyrupeg, confirming its pegylated filgrastim biosimilar's safety and efficacy.
SEBI exempts small brokers from the technical glitch framework, impacting 60% of stock brokers in India.
Vodafone Idea confirms ₹124 crore annual AGR dues until 2031, following government relief approval for the struggling telecom firm.
With digital technologies dominating the financial landscape and redefining the operations of regulated entities, regulation and supervision by the regulator must remain risk-based, proportionate, and technology-neutral said Reserve Bank of India (RBI) Governor Sanjay Malhotra.
Ashok Leyland Ltd. on Friday inaugurated its integrated commercial vehicle plant focused on green mobility at Lucknow in Uttar Pradesh.
Bharat Coking Coal IPO saw 8.1 times subscription on Day 1, driven by strong retail and institutional investor demand.
India's forex reserves fell by $9.80 billion to $686.80 billion, following a previous increase of $3.29 billion.
Indian stock markets decline for the fifth consecutive day amid concerns over U.S. tariffs and foreign capital flight.
Rupee falls 26 paise to 90.16 against the U.S. dollar, pressured by a strong dollar and weak equity markets.
As devices from toys to cars get smarter at the Consumer Electronics Show, gadget makers are grappling with a shortage of memory and storage needed for them to work.
Benchmark indices Sensex and Nifty decline amid foreign fund outflows and renewed U.S. tariff hike concerns, impacting investor sentiment.