ICICI Home Finance Company
 | This article contains promotional content. (June 2021) |
| Company type | Private |
|---|---|
| Industry | Housing Finance Company (HFC), Financial services, BFSI |
| Founded | 1999 |
| Headquarters | Mumbai , 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 |
| Revenue | ₹ 3,574.8 million (2019) |
| ₹ 1692 million (2019) | |
| ₹ 630.9 million (2019) | |
| Total assets | ₹ 139,285.6 million (2019) |
Number of employees | 1800 (2020) |
| Parent | ICICI Bank Ltd |
| Website | www |
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
[edit]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
[edit]- 2019: ‘Mortgage and Home Loan Product of the Year – India’ from Asian Banking & Finance[19]
Product and services
[edit]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
[edit]The company started with six branches in 2017 and as of 2019, it has over 140 branches in India.[26][27][28]
References
[edit]- ^ "ICICI Home Finance launches affordable housing loan scheme". @businessline. 18 June 2020. Retrieved 14 July 2020.
- ^ Hetavkar, Nikhat (24 April 2018). "ICICI Bank to keep home finance as standalone arm, drops plan to sell stake". Business Standard India. Retrieved 2 July 2020.
- ^ Gopakumar, Gopika (29 November 2017). "IndoStar Capital calls off deal to buy ICICI Home Finance". Livemint. Retrieved 2 July 2020.
- ^ "ICICI Home Finance to raise Rs 81 crore via bonds". India News, Breaking News, Entertainment News | India.com. Press Trust of India. 7 December 2015. Retrieved 2 July 2020.
- ^ "ICICI Home Finance offers spot sanctions of home loans to residents of Bhubaneswar". Pragativadi: Leading Odia Dailly. 4 February 2020. Retrieved 2 July 2020.
- ^ Surabhi (24 April 2018). "ICICI Home Finance puts off sale plans". @businessline. Retrieved 2 July 2020.
- ^ "Four companies including SBI Card, ICICI Home Finance to list papers on BSE". Business Standard India. Press Trust of India. 20 December 2019. Retrieved 2 July 2020.
- ^ Archana, Alekh (24 April 2018). "ICICI Home Finance aims Rs30,000 crore loan book in 3-4 years". Livemint. Retrieved 2 July 2020.
- ^ "Bombay High Court Restrains ICICI Home Finance From Selling MEP Infra Shares". BloombergQuint. 9 April 2020. Retrieved 2 July 2020.
- ^ "आईसीआईसीआई होम फाइनेंस ने कोटा में शुरू की तत्काल होम लोन स्कीम". Dainik Bhaskar (in Hindi). 20 February 2020. Retrieved 2 July 2020.
- ^ "ICICI Bank may sell housing finance arm". VCCircle. 10 July 2015. Retrieved 2 July 2020.
- ^ "Why a deal to buy ICICI Home Finance is critical for Everstone-backed IndoStar". VCCircle. 4 July 2017. Retrieved 2 July 2020.
- ^ Rebello, Joel (25 April 2018). "ICICI Bank makes a u-turn, drops plans to sell housing-finance unit". The Economic Times. Retrieved 2 July 2020.
- ^ "ICICI Home Finance offers spot sanctions of home loans to residents of Jaipur". The News Strike. 17 March 2020. Retrieved 2 July 2020.
- ^ "List Of Housing Finance Companies Granted". /nhb.org.in/.
- ^ Agrawal, Shrija (6 July 2016). "TPG Capital partners three LPs for ICICI Home Finance deal". Livemint. Retrieved 2 July 2020.
- ^ "Four things to check for in a Fixed Deposit". The Economic Times. Retrieved 2 July 2020.
- ^ "Company Fixed Deposit: Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes, Company Fixed Deposits in India 2019 - Fixed Income". www.moneycontrol.com. Retrieved 2 July 2020.
- ^ "Asian Banking & Finance Awards recognises record number of outstanding companies". Asian Banking & Finance. 19 July 2019. Retrieved 2 July 2020.
- ^ "How to choose the best home loan". The Financial Express. 9 November 2016. Retrieved 2 July 2020.
- ^ "Want to avail EMI moratorium? From SBI to HDFC Bank, here's what your bank, HFC is offering". The Financial Express. 18 April 2020. Retrieved 2 July 2020.
- ^ "Good news for home buyers! ICICI Home Finance launches affordable housing loan — SARAL; interest rate from 7.98% onwards". Zee Business. 18 June 2020. Retrieved 14 July 2020.
- ^ Das, Saikat (29 April 2020). "Top NBFC bond sales hit a bump". The Economic Times. Retrieved 2 July 2020.
- ^ "IVF-Baring set to clinch Rs 2500cr deal to buy ICICI Home Finance". The Financial Express. 11 August 2016. Retrieved 2 July 2020.
- ^ "ICICI Home Finance launches affordable housing loan – Check Eligibility". The Financial Express. 18 June 2020. Retrieved 2 July 2020.
- ^ "Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India". Business Standard India. Press Trust of India. 18 June 2019. Retrieved 2 July 2020.
- ^ "Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India". Devdiscourse. Retrieved 2 July 2020.
- ^ "Ciao Green collaborates with ICICI Bank's arm to design 140 Branches across India - ICICI Bank Ltd. Latest News". www.moneyworks4me.com. Retrieved 2 July 2020.