Support and Resistance Levels
Past performance
About Ind Bank Housing Ltd Ind Bank Housing Limited (IBHL), established in January 1991, provides long-term finance for residential construction and purchase in India. Jointly promoted by Indian Bank (51% equity) and HUDCO (25% equity), the company initiated its business in February 1991 and expanded to 14 branches across major Indian cities. In October 1991, it raised Rs 2.4 crore through a public issue to finance housing loans of up to Rs 100 crore. By March 2001, IBHL had sanctioned a cumulative Rs 269.08 crore in housing loans.
However, the company faced challenges beginning in 2000 due to real estate sector slackness, leading to increased non-performing assets (NPAs) and a halt in new lending to focus on loan recovery. Recently, with changing market conditions and government subsidies under the PMAY scheme, IBHL is taking steps to restart its operations, aiming to leverage these opportunities to revitalize its business.