CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is India’s second-largest housing finance company?
A
Repco Home
B
LIC Housing Finance
C
HDFC
D
Indiabulls Housing Finance
Explanation: 

Detailed explanation-1: -Indiabulls Housing Financing Ltd. (IBHFL) is the second-largest private housing finance non-banking financial company (NBFC). The National Housing Bank oversees it (NHB).

Detailed explanation-2: -HDFC is the largest housing finance provider in India, with a total sales of Rs. 109, 052 crores and a market cap of Rs. 422, 652 crores. Founded in 1977, this HFC has developed an extensive network of 546 offices reaching all towns and cities.

Detailed explanation-3: -History. Home First Finance was founded in 2010 by former chairman and co-founder of Mphasis, Jerry Rao; former CEO and MD of Bank of Baroda, PS Jayakumar; and Manoj Viswanathan, who previously worked with Citigroup India.

Detailed explanation-4: -There are over 100 housing finance companies in India.

There is 1 question to complete.