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ICRA upgrades rating assigned to Indiabulls Housing Finance’s long term bank facilities

05 Jun 2017 Evaluate

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.

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