Dewan Housing Finance Corporation (DHFL), one of India's leading housing finance companies, announced that it has reduced its home loan lending rates by 25 basis points to 8.35%.
Harshil Mehta, CEO DHFL said, ''Over the past three decades, DHFL has committed itself to transforming the quality of lives of people in the low and middle income segment by enabling access to home ownership. We will maintain our efforts to extend better credit facilities to them and address their financial needs through customized, innovative products and services to enable access to home ownership for the LMI segment.''
''We remain committed to take every step in transforming the quality of lives of people by enabling access to home ownership and towards supporting the Government’s vision of Housing for All by 2022,'' he added.
The company registered strong performance for the fiscal year 2016-17 with a net profit growth of 27% to Rs 9.27 billion. DHFL Asset under Management (AUM) grew 20 % to 835.60 billion for the year ended March 31, 2017.
Shares of the company gained Rs 4.45, or 1.13%, to trade at Rs 399.95. The total volume of shares traded was 32,917 at the BSE (9.57 a.m., Thursday).