ICICI Home Finance Company explained

ICICI Home Finance Company
Type:Private
Industry:Housing Finance Company (HFC), Financial services, BFSI
Predecessors:-->
Successors:-->
Founded:1999
Founders:-->
Hq Location City:Mumbai
Hq Location Country:India
Area Served:India
Key People:Anirudh Kamani (CEO)
Products:Home loans, Loan against property, fixed deposits, gold loan, construction finance, residential and commercial property search
Owners:-->
Num Employees:1800
Num Employees Year:2020
Revenue:₹ 3,574.8 million
Revenue Year:2019
Operating Income:₹ 1692 million
Income Year:2019
Net Income:₹ 630.9 million
Net Income Year:2019
Assets:₹ 139,285.6 million
Assets Year:2019
Parent:ICICI Bank Ltd

ICICI Home Finance Company (ICICIHFC) is an Indian public limited housing finance company (HFC),[1] headquartered in Mumbai with branches in major cities across India.[2] [3] [4] [5] The company operates as a wholly owned subsidiary of ICICI Bank and is registered with the regulation authority of India - National Housing Bank (NHB).[6] [7] It provides home and commercial loans, loan against property, gold loans and accepts fixed deposits.[8] [9] [10]

History

The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank.[11] [12] It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance.[13] ICICI HFC is registered with National Housing Bank.[14] [15] The company operates all over the country and it has offices in all major cities across India.[16]

ICICI HFC fixed deposits have received the highest ratings of MAAA by ICRA, FAAA by CRISIL and AAA rating from CARE.[17] [18]

Awards

Product and services

ICICI HFC provides housing finance to individuals and corporates for purchase or construction of residential houses.[20] [21] [22] In 2019, the company has disclosed that it has disbursed over $162.91 million in housing loans in the country. It offers home loans, loan against property, fixed deposit, gold loan, property search - residential & commercial, construction finance and insurance.[23] [24] [25]

Branch network

The company started with six branches in 2017 and as of 2019, it has over 140 branches in India.[26] [27] [28]

Notes and References

  1. Web site: ICICI Home Finance launches affordable housing loan scheme. 2020-07-14. @businessline. 18 June 2020 . en.
  2. News: Hetavkar. Nikhat. 2018-04-24. ICICI Bank to keep home finance as standalone arm, drops plan to sell stake. Business Standard India. 2020-07-02.
  3. Web site: Gopakumar. Gopika. 2017-11-29. IndoStar Capital calls off deal to buy ICICI Home Finance. 2020-07-02. Livemint. en.
  4. Web site: Press Trust of India. 2015-12-07. ICICI Home Finance to raise Rs 81 crore via bonds. 2020-07-02. India News, Breaking News, Entertainment News India.com. en.
  5. Web site: 2020-02-04. ICICI Home Finance offers spot sanctions of home loans to residents of Bhubaneswar. 2020-07-02. Pragativadi: Leading Odia Dailly. en-US.
  6. Web site: Surabhi. ICICI Home Finance puts off sale plans. 2020-07-02. @businessline. 24 April 2018 . en.
  7. News: Press Trust of India. 2019-12-20. Four companies including SBI Card, ICICI Home Finance to list papers on BSE. Business Standard India. 2020-07-02.
  8. Web site: Archana. Alekh. 2018-04-24. ICICI Home Finance aims Rs30,000 crore loan book in 3-4 years. 2020-07-02. Livemint. en.
  9. Web site: Bombay High Court Restrains ICICI Home Finance From Selling MEP Infra Shares. 2020-07-02. BloombergQuint. 9 April 2020 . en.
  10. Web site: 2020-02-20. आईसीआईसीआई होम फाइनेंस ने कोटा में शुरू की तत्काल होम लोन स्कीम. 2020-07-02. Dainik Bhaskar. hi.
  11. Web site: 2015-07-10. ICICI Bank may sell housing finance arm. 2020-07-02. VCCircle. en-US.
  12. Web site: 2017-07-04. Why a deal to buy ICICI Home Finance is critical for Everstone-backed IndoStar. 2020-07-02. VCCircle. en-US.
  13. News: Rebello. Joel. 2018-04-25. ICICI Bank makes a u-turn, drops plans to sell housing-finance unit. The Economic Times. 2020-07-02.
  14. Web site: 2020-03-17. ICICI Home Finance offers spot sanctions of home loans to residents of Jaipur. 2020-07-02. The News Strike. en-US.
  15. Web site: List Of Housing Finance Companies Granted. /nhb.org.in/.
  16. Web site: Agrawal. Shrija. 2016-07-06. TPG Capital partners three LPs for ICICI Home Finance deal. 2020-07-02. Livemint. en.
  17. News: Four things to check for in a Fixed Deposit. The Economic Times. 2020-07-02.
  18. Web site: Company Fixed Deposit: Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes, Company Fixed Deposits in India 2019 - Fixed Income. 2020-07-02. www.moneycontrol.com.
  19. Web site: Asian Banking & Finance Awards recognises record number of outstanding companies. 2020-07-02. Asian Banking & Finance. 19 July 2019 .
  20. Web site: 2016-11-09. How to choose the best home loan. 2020-07-02. The Financial Express. en-US.
  21. Web site: 2020-04-18. Want to avail EMI moratorium? From SBI to HDFC Bank, here's what your bank, HFC is offering. 2020-07-02. The Financial Express. en-US.
  22. Web site: 2020-06-18. Good news for home buyers! ICICI Home Finance launches affordable housing loan — SARAL; interest rate from 7.98% onwards. 2020-07-14. Zee Business.
  23. News: Das. Saikat. 2020-04-29. Top NBFC bond sales hit a bump. The Economic Times. 2020-07-02.
  24. Web site: 2016-08-11. IVF-Baring set to clinch Rs 2500cr deal to buy ICICI Home Finance. 2020-07-02. The Financial Express. en-US.
  25. Web site: 2020-06-18. ICICI Home Finance launches affordable housing loan – Check Eligibility. 2020-07-02. The Financial Express. en-US.
  26. News: Press Trust of India. 2019-06-18. Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India. Business Standard India. 2020-07-02.
  27. Web site: Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India. 2020-07-02. Devdiscourse. en.
  28. Web site: Ciao Green collaborates with ICICI Bank's arm to design 140 Branches across India - ICICI Bank Ltd. Latest News. 2020-07-02. www.moneyworks4me.com.

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