Centrum to start housing finance company

Centrum to start housing finance company
23/11/2016 , by , in ALLIED

The Centrum group, controlled by banker Jaspal Brinda, has received the licence to start a housing finance company from regulator National ousing Bank.

“This is a significant move for the group as we have traditionally been a fee-based business,“ chairman Bindra told. “We are looking to diversify our service offerings in secured lending with a focus on housing finance & SME lending.”

Centrum is looking to tap into small cities and towns, as he said there was “significant demand for end-user housing in the relatively under serviced and untapped tier II & III cities”

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