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India Shelter Finance Corporation Ltd. Lauded with CARE AA-/Stable Rating by Care Edge: Solidifying Leadership in Affordable Housing Finance

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India Shelter Finance Corporation Ltd. Lauded with CARE AA-/Stable Rating by Care Edge: Solidifying Leadership in Affordable Housing Finance

NewsVoir

New Delhi [India], June 29: India Shelter Finance Corporation Limited (ISFCL) is pleased to announce that CARE Ratings Limited has upgraded the credit rating of our Long Term Bank Facilities, amounting to Rs. 1,335.00 crores. The rating for ISFCL has been revised from CARE A+; Positive (Single A Plus; Outlook: Positive) to CARE AA-; Stable (Double A Minus; Outlook: Stable). The upgraded rating reflects our commitment to financial stability and growth, and we have enclosed the credit rating letter issued by CARE Ratings Limited for your reference.

India Shelter has been recognized for its operational excellence, strategic growth initiatives, and profound understanding of its diverse clientele’s needs. The recent upgrade to a CARE AA-; Stable rating by CARE Ratings Limited, a leading rating agency, stands as a testament to the India Shelter’s robust growth trajectory and innovative approach towards fostering financial inclusion across the heartland of India.

Empowering Aspirations and Facilitating Homeownership

India Shelter’s mission revolves around transforming the dream of homeownership into reality. By offering specialized financial solutions tailored to the unique needs of the self-employed and low-income groups, India Shelter underscores its dedication to affordable housing finance. The accolade from CARE Ratings Limited celebrates India Shelter’s prowess in navigating the intricacies of the affordable housing finance landscape and its clear vision for future expansion.

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A Torchbearer of Strategic Expansion and Technological Innovation

The CARE AA-; Stable rating further recognizes India Shelter’s strategic geographical expansion and adept use of technology to enhance service delivery. With a significant footprint across various states and a strong presence in key regions, India Shelter has achieved deep market penetration. The company’s forward-thinking, technology-first approach has streamlined operations, fortified its credit appraisal system, and significantly propelled its scalable and sustainable business model.

Steering Ahead with Confidence

Augmented by the CARE AA-; Stable rating, India Shelter is geared for sustained growth in the affordable housing finance domain. The company remains steadfast in its commitment to expanding its reach and enriching its product array to meet the evolving demands of its customers. Focused on operational leverage and maintaining a healthy capital adequacy ratio, ISFCL is dedicated to realizing its pledge of providing “A Shelter for All Indians.”

India Shelter Finance Corporation Ltd. provides affordable home loans and loan against property in Tier 2 and 3 geographies in India. India Shelter provides home loans to customers from low-and middle income segments who are building or buying their first homes. The company has strong distribution moat with its Pan-India network in 15 states via 223 branches and maintains a granular portfolio. The company is being run by an experienced professional management team backed by marquee investors.

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(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Jun 29 2024 | 1:00 PM IST

Finance

Simply Asset Finance reaches $2.6bn loan origination milestone in 2025

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Simply Asset Finance reaches .6bn loan origination milestone in 2025

Simply Asset Finance has reported that its total loan origination reached £2bn ($2.6bn) in 2025, following its growth and lending activity during the period.

During 2025, the company’s gross loan book increased to £543m and its customer base grew to 13,000.

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Additional digital platforms came online, and commercial loans were added to the range of available finance solutions.

Improvements in the company’s own technology and stronger results in various regions contributed to increased efficiency in lending operations and a broader local presence for SME clients.

In July, Simply Asset Finance introduced Kara, an AI-powered virtual agent.

Kara uses the company’s past data to enhance user interactions, streamline internal processes, and speed up decisions on lending applications.

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Simply Asset Finance CEO Mike Randall said: “Our growth this year has built on the momentum of 2024, and reaching £2bn is a clear milestone for the business. All our channels have driven that progress, with rising demand for specialist lending helping us expand our footprint and support even more SMEs across the UK.

“Despite a year of challenging economic conditions, small businesses have remained resilient and ready to invest. Kara has been central to meeting demand quickly and efficiently –  and we expect her value to our customers will only grow.

“As we head into 2026, we’re focused on carrying this momentum forward and working with even more brilliant businesses to unlock their potential.”

Last month, Simply Asset Finance became a Patron lender of the National Association of Commercial Finance Brokers (NACFB).

This partnership is aimed at supporting the broker community in the UK and increasing access to asset finance and leasing products through wider distribution. 

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The NACFB is known as an independent UK trade association for commercial finance intermediaries, promoting cooperation between lenders and brokers across the sector.

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

Baker McKenzie today announced that leading project finance lawyer Matthias Schemuth has joined the Firm’s Singapore office* as a Principal and Asia Pacific Co-Head of Projects in its Finance & Projects practice, alongside Partner Jon Ornolffson in Tokyo.

Matthias joins the Firm from DLA Piper, bringing more than 20 years of experience in the energy and infrastructure sectors across Asia Pacific. He advises sponsors, developers, commercial banks, multilateral lending agencies, and export credit agencies on the structuring and financing of large-scale projects. His practice also spans international banking, structured commodity and trade finance, with a strong focus on emerging markets. Matthias has been consistently recognised by Chambers Asia Pacific and Who’s Who Legal as a leading project finance practitioner.

James Huang, Managing Principal of Baker McKenzie Wong & Leow in Singapore, said: “We are excited to welcome Matthias to our team. His expertise and proven record in managing teams will be invaluable as we expand our regional and global finance offerings for clients.”

Emmanuel Hadjidakis, Asia Pacific Chair of Baker McKenzie’s Banking & Finance Practice, commented: “Asia Pacific is seeing strong momentum in infrastructure development, energy transition investments, and cross-border project financing, much of it centred in Singapore. Having Matthias on board will further enhance our ability to help clients seize opportunities in the region’s evolving energy and infrastructure markets.”

Steven Sieker, Baker McKenzie’s Asia Chief Executive, added: “Matthias’s appointment underscores Baker McKenzie’s continued commitment to investing in exceptional talent across key markets to support our clients in navigating today’s increasingly complex business and regulatory environment.”

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Matthias said: “I’m thrilled to join Baker McKenzie and contribute to its strong growth in Asia Pacific. The Firm’s global reach and local depth provide an unparalleled platform for delivering innovative projects and financing solutions to clients in this dynamic region.”

With more than 2,700 deal practitioners in more than 40 jurisdictions, Baker McKenzie is a transactional powerhouse. The Firm excels in complex, cross-border transactions; over 65% of our deals are multijurisdictional. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence. The Firm’s Banking & Finance lawyers are ranked in more jurisdictions than any other firm by Chambers.  

Matthias’s hire continues the expansion of Baker McKenzie’s global team. His joining follows the recent arrivals of Carole Turcotte in Toronto; Tom Oslovar in Palo Alto; Jenny Liu in New York and Palo Alto; Helen Johnson, Mark Thompson, Nick Benson, Kevin Heverin, James Wyatt and Michal Berkner in London; Jan Schubert in Frankfurt; Todd Beauchamp and Charles Weinstein in Washington DC; Dan Ouyang, Winfield Lau, and Ke (Ronnie) Li in Beijing, Shanghai, and Hong Kong; and Alexander Stathopoulos in Singapore.

*Baker McKenzie Wong & Leow is the member firm of Baker McKenzie in Singapore

 

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Finance

3 finance stocks to buy on rising 10-year Treasury rates

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3 finance stocks to buy on rising 10-year Treasury rates
The Federal Reserve gave investors an early Christmas present by lowering interest rates by 25 basis points (i.e., 0.25%) marking its third rate cut this year. In the past, a change like this in the “long end” of the interest rate yield curve has triggered a predictable, investable pattern. Typically, this pattern would be bearish for finance stocks, particularly banks—investors would buy bank stocks when rates rose and sell them as rates fell….
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