Arvind Hali assets that MOHFL is focusing on firsttime homebuyers in LIG and EWS segments
Ravi Lalwani: What change in patterns of home demand and home loan demand are you seeing post 12 months of covid? How has your business responded to these changes?
Arvind Hali: We observed an uptick in housing demand post covid wave-1 however the same can be attributable to the lull period during 6 months of continuous lockdown. The actual demand resurfaced from Jan21 onwards when several initiatives were also undertaken like discount by builders, benign interest rates, cut in registration charges from state governments, and rise in awareness about home ownership. As a result, the housing industry did one of the best disbursements in H2FY21. However demand plummeted from April-21 due to covid wave 2.
Amid both the covid waves, lenders were also treading with caution, especially in the affordable segment where the customer base has lower immunity towards economic shock. MOHFL was not untouched by the above and witnessed strong traction in disbursements from Jan-21 to Mar-21. We believe demand for housing is likely to remain strong in the near term and HFCs are likely to benefit from this. We are alert and have started ramping up our sales force. We have spread our wings in the northern part of the country by opening branches in NCR and Haryana.
Continue reading your story on the app
Continue reading your story in the magazine
NBFCs Drive Digital Transformation On Multiple Fronts
A deep dive into how NBFCs are riding the storm and emerging stronger :
Covid Impacts Job Satisfaction, But Not Attrition
Praveen Menon, Chief People Officer at IndiaFirst Life Insurance Company updates about changing employee expectations & job satisfaction scenario at his organization
ICICI Bank, Axis Bank thrive on API, UPI, Platforms
While Bharat Bank unit of Axis Bank will offer tailored rural products with increased physical & digital reach over the next 3 years, ICICI Bank has created 19 industry specific stacks to provide digital solutions to corporate clients:
Moving swiftly to adopt technology and expand services
Telangana based co-operative bank is planning to increase its average digital transaction count to 0.2 million by end of 31st March 2024:
PACS will be integrated with the CBS of DCCBs
NABARD has earmarked `50 billion for enabling PACS to be a key player in the agri-value chain by turning them into multi service centers:
How Turtlemint sells 10,000 insurance policies every day
The platform provides advisors with digital tools enabling them to sell multiple insurance products of different companies through one
Logic & Emotion direct CX Improvements
Nilesh Parmar, Chief Operating Officer, Future Generali India Life Insurance shares the importance of logical & emotional aspects in customer experience design:
LDP identifies & grooms future leaders at Indian Bank
Indian Bank commemorated its 115th foundation day on August 15, 2021. The bank has a staff of 24,821 officers, 12,995 clerks, 2769 sub-staff and 311 full time sweepers, totaling to 40,896 staff, as of Q1 FY 22. Females comprise 28% of the staff. Shanti Lal Jain assumed charge as MD & CEO of Indian Bank on 1st September 2021. He is supported by 3 executive directors - Shenoy Vishwanath V., Imran Amin Siddiqui and Ashwani Kumar.
ADB lends for vaccines, health care in India
The Asian Development Bank (ADB) has been proactively increasing its engagement with India. A number of approval and agreement has come India’s way in recent months.
A platform for fixed income investment options
Bondskart.com is a fully customized platform offers functional efficiency and is available in web and on mobile app:
A TIME OF GREAT CHANGE
India began 2021 with a vaccine, hoping to end a pandemic. Just months later, it was in the heart of a brutal second wave of cases. The year ahead brought huge change: a historic cyclone, the US withdrawal from Afghanistan and a note of Olympic hope
Random Covid tests at RGIA, screening net to be widened
2% Pax From 40 Places To Be Checked. Have To Wait At RGIA For Results
Public Health's Private Problems
THE PERFORMANCE OF PRIVATE SECTOR VACCINATION CENTRES REMAINS UNDERWHELMING— DESPITE IMPROVEMENTS IN SUPPLY. WHAT CAN BE DONE TO SCALE UP THEIR NUMBERS?
India sees record 3,780 deaths, over 382,000 COVID-19 cases
16,04,94,188 vaccinated; Navy launches Operation Samudra Setu II to bring in by sea oxygen and medical supplies from friendly foreign countries
Covid Vaccine: The Drive That Needs A Push
In the 26 days after the launch of India’s vaccination programme on January 16, 700,000 people in the country were vaccinated against Covid.
THE NEED FOR SPEED
Calls for roping in the private sector grow as India’s Covid vaccination drive—being extended to senior citizens in March—runs way behind target
Covid Vaccine - A Shot Of Hope
Officials exude confidence ahead of India’s mammoth Covid vaccination programme, but challenges remain on the ground