Credit Rating agency, ICRA has upgraded rating assigned to Indiabulls Housing Finance’s (IBHFL) long term bank facilities from ‘AA+’ to ‘AAA’ with Stable outlook.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company has reported 23.79% rise in its net profit at Rs 753.10 crore for the quarter under review as compared to Rs 608.35 crore for the same quarter in the previous year.