This is excluding the good thing about judicial standstill on asset recognition. Another relief to buyers is that only 2% of its mortgage e-book was restructured.
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Join Mint channel in your Telegram and keep updated with the latest business information. Gross unhealthy loans as a proportion of its whole book was 2.44% for the December quarter, up from 2.20% in the previous quarter.
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All this augurs nicely for the lender’s asset high quality within the coming quarters. Indiabulls Housing Finance Ltd has been shedding its troubled wholesale mortgage book and continued to take action even within the December quarter. This technique appears to have paid off because the lender reported only a marginal enhance in its confused loans. Get involved in activities shaping best market-practice for folks and planet.
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