Bankers, the frontline warriors in India’s coming fintech revolution
24 Jun 2018 - Economic Times by Rahul Sachitanand
CV Rao, a banker with more than two decades of experience, took the old-fashioned route with his venture, Nivara Home Finance. The former senior executive with ICICI Bank, with extensive experience in housing finance, decided to avoid the crowded market serviced by large financial services companies.
Sub-prime borrowers fuel affordable housing boom for lenders, HFCs
3 July 2018 Business Standard by Namrata Acharya
"Our typical clients are workers -- such as carpenters, drivers, barbers or domestic helps -- who possess some land from ancestral property. The growth in the segment is quite robust. In a small period of time, we have a loan portfolio of about Rs 1 billion and we are targeting to double the portfolio in the next one year," said C V Rao, managing director and CEO, Nivara.
Micro housing finance companies choke on acute fund crunch post DHFL crisis
10 Jun 2019 Business Standard by Namrata Acharya
Micro housing finance companies are finding it increasingly difficult to raise funds with the crisis at Dewan Housing Finance Limited (DHFL) worsening.
During the past few years, the push for affordable housing has led to the mushrooming of several micro housing finance firms, which mostly provide loans to the informal sector. The average loan size varies between Rs 5-10 lakh.