Dewan Housing to offer products online
Dewan Housing Finance Corporation (DHFL) will now use the Internet to woo its consumers. The company has also appointed Aptech for providing software solutions that will be web-enabled. The company will also enter the consumer loan section as a part of the company's goal of becoming a total financial provider.Icra gives highest safety rating to HDFC
Icra has assigned an `laaa' rating to Rs 1500 crore non-covertible debenture program of HDFC. The rating indicates highest safety. Icra has also retained the laaa rating assigned to the Rs 1000 crore non convertible debenture programme in December 1999. The laaa rating assigned to the bonds programme (amount outstanding as on March 31,2000-Rs. 751 crore). The `maaa' rating assigned to the fixed deposit programme and the a1 rating assigned to the Rs 2000 crore short term debt programme.
ABHFL registers profit in 1Q
Andhra Bank Housing Finance Limited (ABHFL), a subsidiary of Andhra Bank, has registered a profit of Rs 245 lakh (before tax) in first quarter of the current fiscal. ABHFL has recorded a substantial increase in profit after tax from Rs 93.82 lakh to Rs. 181.65 lakh, showing 93.82 per cent growth.
BoB opens branch at Kalyan
Bank of Baroda has opened its 104 th branch in Kalyan and will also offer safe deposit lockers and a housing cell. The branch will also be open on Sundays.
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