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Bajaj Finance Limited ( BFL) is an Indian non-banking financial company headquartered in Pune. [ 6][ 7] It is one of the leading non-banking financial companies (NBFCs) of India with a customer base of 83.64 million and holds assets under management worth ₹330,615 crore (US$40 billion), as of March 2024. [ 8][ 9] As per the 2023 list of NBFCs ...
LIC Housing Finance Limited ( LIC HFL) is one of the largest private mortgage and loan companies in India, with a registered corporate office in Mumbai. It is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. It also finances the repair and renovation of existing ...
Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing. [27] [28] Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. [29] Being one of the private insurance companies in India, it offers insurance products for financial planning and security. [30]
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The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn, a global investment company. [5] As of 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. [5]
PNB Housing Finance Limited (PNB Housing) is an Indian housing finance company registered with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in ...
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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [24] [25] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.