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The company provided housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company included loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
Maharashtra Housing Development Corporation (MahaHousing) was registered in 2019 under Indian Companies Act 2013. Maharashtra Government runs affordable housing schemes under MahaHousing with the help of Government of India. It is part of the Pradhan Mantri Awas Yojana under which government provides an interest subsidy. [5] [6]
CERSAI become operational on 31 March 2011. 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks. [1] The then Chairman of the National Housing bank, R.V. Verma, served as the first acting Registrar, managing director and CEO of CERSAI, while continuing to hold ...
The Mumbai Fintech Hub is an investment platform, which was started by the Government of Maharashtra in the Mumbai Metropolitan Region. [1] [2] It is an initiative by the Government of Maharashtra to promote the fintech ecosystem in the state of Maharashtra. [3] [4]
Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 is an act of Maharashtra state legislature in India to protect the interest of depositors of Maharashtra state in the financial establishments and matters relating thereto. [1]
The Ministry of Finance is a ministry of the Government of Maharashtra. It is responsible for preparing annual plans for the development of Maharashtra state. [1] [2] The Ministry is headed by a Cabinet level Minister. Ajit Pawar is current Deputy Chief Minister of Maharashtra and Minister of Finance.
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] 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.
It was established in August 1996 as the first electronic securities depository in India with national coverage. [2] It was established based on a suggestion by a national institution responsible for the economic development of India. At the end of 2023, its demat accounts held assets worth ₹398 Lakh Crore ($4.7 trillion). [3] [4] [5] [6]