Indiabulls Housing Finance Is Now Sammaan Capital
Moneylife Digital Team 03 July 2024
Indiabulls Housing Finance Ltd has changed its name to Sammaan Capital Ltd after receiving a certificate of incorporation from the registrar of companies (RoC) and a new certificate of registration from Reserve Bank of India (RBI).
 
In a statement, the company says, "'Sammaan' means 'respect', 'honour', 'courtesy' and 'dignity' in Indian languages. The new name reflects our commitment to a customer-centric approach, pride in homeownership and business ownership, and dignified business conduct. As a systemically important lender, 'Sammaan' embodies our business values and operations."
 
"Strategically, we will maintain a retail focus on affordable home loans and mortgage-backed loans for micro, small and medium enterprises (MSMEs). Our asset-light model will drive asset under management (AUM) growth through co-lending and sell-down partnerships with banks and financial institutions, with an emphasis on return on equity (ROE) growth," it added.
 
Over the past five years, Sammaan Capital says it has built a strong balance sheet with high capital adequacy of over 30%, low leverage of about two times, stable non-performing assets (NPAs) and robust provisioning buffers to support its growth.
 
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