Chennai, December 17, 2021: Aptus Value Housing Finance India Ltd, a leading Housing Finance company has seen a rating upgrade for its long-term instruments from ICRA A+ Stable to ICRA AA-Stable. The rationale behind the rating action factors the company’s strengthened capital profile and track record of maintaining healthy profitability and asset quality
Commenting on the rating upgrade, Mr.P. Balaji, Executive Director and Chief Financial Officer stated “We have managed to keep our return on managed assets in the range of 6.3% to 6.5% over the last 3 years. The infusion of fresh equity through the IPO proceeds has strengthened our net worth that will support our portfolio growth over the medium term. Though there was a drop in collection efficiencies in the months of April and May 2021 like any other company due to pandemics, both disbursements and collection efficiencies have reached pre covid levels.
Corporate Comm India (CCI Newswire)
Brigade REAP Incubates 76 Proptech Startups, Leading India's Largest Proptech Ecosystem with ₹200 Cr Earth…
New Delhi, November 22, 2024: Dr. Gautam Kanodia has emerged as a visionary leader, redefining…
New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…
~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…
- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…
The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…