Wednesday, December 16, 2020

Centrum Housing Finance acquires home loan book of National Trust Housing Fin for Rs 112 crore

It has a loan book of over Rs 300 crore and around 150 employees and Centrum will acquire the housing finance business, including the loan portfolio, branches and employees. Centrum Housing has a loan book of over Rs 700 crore now and this deal will take it to cross the Rs 1,000 crore-mark. National Trust Housing Finance is into affordable housing finance since the mid-1990s and is present in 17 cities across four southern states. Before setting up the private equity business, he was Managing Director (Corporate & Commercial Banking) of Rabobank India.

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Magicbricks is only communicating the offers and not selling or rendering any of those products or services. It neither warrants nor is it making any representations with respect to offer made on the site. It offers a home loan to Salaried Individual/Self-Employed Professional/Self-Employed Non-Professional.

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In 2002 he gained a Master of Science degree with a specialization in Logistics and Supply Chain from the UK. GRO-BIZ is a structured loan product designed primarily for SMEs looking to grow and expand their business operations. Our sole objective is to provide simple, structured and customized solutions using a combination of traditional methods and superior technology to lower and middle income families. We empower home seekers primarily in tier 2 &3 cities who are under-served by traditional lenders.

centrum home loan

In this post, we outline some tips to help you avoid falling into debt this season. The mortgage industry has changed rapidly over the last decade in tandem with the rest of the world. Recognizing this means new challenges and new information to wade through, we have dedicated ourselves to being a source of knowledge for our clients. In our blog section, you will find a variety of practical topics meant to educate our clients on the ‘need-to-knows’ of today’s market. Prior to Centrum, he worked with SBI Capital Markets and with IL&FS Group in financial advisory and fund raising domain on marquee Infrastructure Projects.

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He brings a wide array of professional and industry contacts, a deep understanding of Housing Finance, Consumer Finance, Retail Banking, Treasury Management, Internal Audit, etc. Our home loan tax benefit calculator enables you to get an estimate of the amount of tax that you can save by claiming deductions as per the Income Tax act. As per the Income Tax Act , you can receive tax benefits on both home loan components i.e. the principal and interest amount.

centrum home loan

Arpita has over 20 years of experience in Wealth Management, Private Banking and Investment Advisory Services. She is a founder member of Centrum Wealth Management and has played an instrumental role in setting up and growing the Wealth Management business at Centrum. Arpita holds a Bachelors degree in Engineering from Bihar Institute of Technology Sindri and an MBA from Faculty of Management Studies, Delhi University. Ganashyam has over 25 years of experience across a range of businesses including Wealth Management, Private Banking, Institutional and Retail Equities and Equity Research. He has played a crucial role in setting up and growing the Wealth Management business at Centrum. Prior to joining Centrum, he has held roles at HSBC, ABN AMRO Private Banking and Anand Rathi Securities.

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Ranjan has close to 25 years of rich experience in the Banking & Financial Service Industry. He brings a wide array of professional and industry contacts, a deep understanding of Risk Management and Financial Markets and international best practices in Governance, Human Resources, etc. She started her career as a litigation lawyer and then moved to the corporate sector. Ms. Anjali Seth has over 25 years’ experience as a professional lawyer advising and consulting with Banks, Financial Institutions, and large corporates.

centrum home loan

Morgan Stanley-backed Centrum Housing Finance, an arm of the diversified Centrum Group, has paid Rs 112 crore for the Rs 300-crore-home loan portfolio of Chennai-based National Trust Housing Finance. We help you build or buy your dream home with our personalized home finance solutions. Our solutions are enriched by best-in-class services, simplified procedures and industry expertise.

Mr. Ramchandra Kasargod Kamath started his career in Corporation Bank as an Officer Trainee in 1977. He has been the Chairman of Indian Banks’ Association and Governing Board of Institute of Banking Personnel Selection . He has also been the President of Indian Institute of Banking & Finance and Bankers’ Club, Delhi. He has been the member of Governing Board of National Institute of Bank Management , Pune and Governing Council of Institute for Development & Research in Banking Technology , Hyderabad. During his career Mr. Kamath is known for his conceptual clarity, insight, communication skills and ability to build result oriented teams. Micro Finance Business raised USD 5.55 million debt from Singapore-based impact investing and sustainability organisation Impact Investment Exchange .

centrum home loan

Sandeep has over two decades of experience in capital markets covering Wealth Management, Equity Broking, Private Client Services, Portfolio Management and Distribution. Ganashyam is a CFA from the CFA Institute, USA and holds a post graduation degree in management from the University of Mumbai. Sandeep Upadhyay joined Centrum Capital Limited in June 2008 and is currently serving as Managing Director of Infrastructure Practise at Centrum Capital Limited.

He has about 22 years of experience in Financial Services, Corporate Finance and IT. Rajendra has over 25 years of experience across multiple market cycles in Equity Capital Markets, Corporate Finance, Debt Structuring and Placements and Project Finance. After AZB, he has focused primarily on distressed debt, restructurings and litigation. He has worked extensively for the GTL group and recently assisted with the debt restructuring exercise undertaken by the Suzlon Group. He has also advised family offices including the Patni Family group and the Gupta Family group. As part of his independent practise, He has handled and spearheaded several commercial and regulatory litigations before the Delhi High Court, Mumbai High Court, Chennai High Court and the Supreme Court of India.

Starting his career with Bank of Baroda, he has over 37 years of experience in corporate and investment banking. Mr. S.K Mitra joins our board with over 40 years of experience in the financial industry. He has held roles in companies such as Standard Chartered, American Express and the Aditya Birla Group, operating across functions such as investment banking, asset management and financial services. Rajesh Srivastava is the Executive Chairman of Rabo Equity Advisors, managing Rabobank sponsored private equity funds (AUM US$270mln), both focused on food and agribusiness. The Funds have blue chip investors like Rabobank; IFC; CDC Group, UK; Asian Development Bank; Generali Insurance, Italy; FMO; Proparco, France; IFU, Denmark amongst their investors.

He is one of the most significant people in Indian Entertainment economy today and is seen as one of the key visionaries in the industry. He is currently a Council member of Film & Television Producers Guild of India. He has held key position in media & entertainment focused government bodies & Federation including Ex-Chairman of National Film Development Corporation. Mr. Kamath has led initiatives for promoting sound and efficient corporate governance practices where ever he worked.

Vivek has more than 24 years of rich experience in the Mortgage industry that includes setting up of Housing Finance Companies and launch of Retail mortgage in newer geographies. He has also worked with organizations like L&T Housing Finance, LIC Housing Finance Limited, Dewan Housing Finance Limited and Tata Capital Housing Finance Limited. Vivek has done his Post Graduate Diploma in Financial Management and Graduation from Delhi University. Sanjay joins us from CentBank Home Finance Limited where he was the Managing Director and was responsible for the P&L of the Housing Finance Business. He has successfully transformed its business, delivered superior results to shareholders, built a high performing team, increased market share and profitability.

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