Motilal Oswal makes home finance foray

Written by PTI | Mumbai | Updated: May 23 2014, 02:40am hrs
Domestic brokerage Motilal Oswal on Wednesday said it is venturing into the home finance space with an initial capital of R100 crore.

Aspire Home Finance Corporation (AHFC), promoted by the Motilal Oswal Group, has received a certificate of registration from sector regulator National Housing Bank (NHB) to begin operations, it said in a statement.

We are starting the lending operations with R100 crore of capital and plan to reach as many families by extending hassle-free small loans to them, AHFC managing director and chief executive officer Anil Sachidanand said.