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Shriram Housing Finance Limited (SHFL), a leading affordable housing finance company and DocOnline, a leading digi-physical healthcare provider to over five million families in India, today announced a tie-up to offer quality health and wellness benefits to the customers of SHFL. The partnership aims to enhance healthcare affordability and accessibility for customers and further address the growing need for convenient and quality healthcare services among homeowners and their families...
Shriram Housing Finance Ties Up with DocOnline to Offer Healthcare Benefits to Customers
Below is Quote on the RBI Monetary Policy Expectation Mr. Ravi Subramanian, MD & CEO, Shriram Housing Finance "As the central banks of the developed economies such as the US Fed, European Central Bank and Bank of England have continued with hiking rates, we expect the MPC to follow with a hike of 25bps or lesser this week. consumer prices and core inflation have remained high and are a cause of concern. As the prevailing economic scenario calls for higher rates, we expect the...
View on RBI Monetary Policy Expectation By Mr. Ravi Subramanian, Shriram Housing Finance
Below Quote on RBI policy By Ravi Subramanian, MD & CEO, Shriram Housing Finance "Remaining focused on the withdrawal of accommodation and keeping a close watch on inflation, the MPC has announced a rate hike of 25 bps. On the back of strong macroeconomic fundamentals and retail inflation being under control, we could be at the end of the rate hike cycle. However given global risks and elevated core inflation, the RBI is likely to focus on data while takin...
Remaining focused on the withdrawal of accommodation and keeping a close watch on inflation Says Ravi Subramanian, Shriram Housing Finance
Below are View on RBI policy expectations By Ravi Subramanian, MD & CEO, Shriram Housing Finance "The MPC is likely to maintain its stance of “withdrawal of accommodation” and ease the pace of rate increases by RBI hiking rates by 25bps in Feb. Retail inflation is within the upper tolerance band of 6 percent and food inflation has eased off. Housing credit growth has been leading retail credit growth, rising by over 15%. As the market sentimen...
RBI policy expectations By Ravi Subramanian, Shriram Housing Finance
Below is Post Budget Quote By Mr. Ravi Subramanian, MD & CEO of Shriram Housing Finance ltd. The union budget 2023-24 is a prudent and growth-oriented budget. The higher capex outlay will have a huge multiplier effect across the economy. The income tax benefits announced will drive consumption by putting more money in the hands of the middle class. The enhanced outlay for the Pradhan Mantri Awas Yojana by 66% to Rs 79,000 cr is great news for affordable housing in urban areas. The Rs 1...
Post Budget Reaction : The union budget 2023-24 is a prudent and growth-oriented budget Ravi Subramanian, Shriram Housing Finance
Below is Pre budget views By Mr. Ravi Subramanian, MD & CEO of Shriram Housing Housing for All has been amongst the most significant initiatives driven by the GoI. We expect the govt. would continue to build upon schemes such as PMAY to emphasise the importance of the same. The rural low-income housing segment with ticket sizes of INR 8-15 lakh and borrower income of under INR 3 lakh annually is the segment where the need for adequate housing is acute. To address the demand-s...
Pre-Budget Expectation : With inflation being elevated over the last couple of months, the construction cost has increased Says Mr. Ravi Subramanian, Shriram Housing
Mumbai: Shriram Housing Finance Limited, a leading affordable housing finance company announced its results for Q2FY23. Assets Under Management (AUM) grew by 54% YoY to INR 6,546 Cr in Q2FY23. The disbursals for the quarter grew by 66% YoY to INR 1,049 Cr. For H1FY23, the disbursals stood at INR 1,844 Cr, a growth of 116% over the same period last year. The company has maintained an accelerated growth momentum with AUM growing at 52% CAGR over the last 3 years, coupled with consistent improve...
Shriram Housing Finance Assets Under Management Grow by 54% YoY to INR 6,546 Cr, PAT increase of 81% YoY to INR 34 Cr in Q2FY23
Below are View on RBI policy expectations By Ravi Subramanian, MD & CEO, Shriram Housing Finance RBI is likely to maintain an accommodative stance until normalcy returns, a lot of which depends on vaccination rates where India is far behind advances economies. There is a re-opening-led demand revival and that is probably exerting upward pressure on inflation, and pushing prices above RBI’s tolerance band. The monetary reaction function however is expected to h...
RBI policy expectations By Ravi Subramanian, Shriram Housing Finance
The Tamil Nadu Health Department has commenced counselling for students who have appeared for NEET along with their parents. State Health Minister Ma Subramanian inaugurated a helpline that will provide counselling to the students and parents to make them mentally strong. It may be noted that after the National Eligibility cum Entrance Test (Undergraduate) in 2021, some students committed suicide, which has led to the state government operating a helpline number for the students a...
Tamil Nadu health department commences counselling for NEET aspirants, parents
Below is Quote on the RBI Monetary Policy Mr. Ravi Subramanian, MD & CEO, Shriram Housing Finance "The RBI today continued to frontload rate hikes to anchor inflationary pressures through a 50 bps hike in the repo rate. With a cumulative hike of 90 bps over two months, the central bank reiterated its stance of ‘withdrawal of accommodation’ to a more neutral scenario, while highlighting that the repo rate is still below the pre-pandemic level of 5.15%. Attributi...
Quote on the RBI Monetary Policy By Mr. Ravi Subramanian, Shriram Housing Finance
Below are View on RBI policy expectations By Ravi Subramanian, MD & CEO, Shriram Housing Finance RBI is likely to maintain an accommodative stance until normalcy returns, a lot of which depends on vaccination rates where India is far behind advances economies. There is a re-opening-led demand revival and that is probably exerting upward pressure on inflation, and pushing prices above RBI’s tolerance band. The monetary reaction function however is expected to h...
RBI policy expectations By Ravi Subramanian, Shriram Housing Finance
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