SRG Housing Finance's Q3 Net Profit Surges 48.32%

24 Jan 2024 CW Team

SRG Housing Finance has reported a significant surge in net profit, witnessing a growth of 48.32% during the third quarter of the fiscal year 2024. The strong financial performance reflects the company's resilience and effectiveness in navigating the dynamic landscape of the housing finance sector.

The notable increase in net profit for Q3 FY24 underscores SRG Housing Finance's strategic initiatives and operational efficiency. The housing finance sector plays a pivotal role in supporting individuals and families in realizing their homeownership dreams, and SRG's robust financial results signify its commitment to facilitating access to housing finance.

SRG Housing Finance's positive Q3 performance is indicative of the company's ability to adapt and thrive amid evolving market conditions. The growth in net profit is likely attributed to prudent financial management, effective risk mitigation strategies, and the overall demand for housing finance solutions in the market.

As the housing finance sector continues to play a crucial role in India's real estate landscape, the financial success of companies like SRG Housing Finance is indicative of the sector's resilience and potential for growth. The surge in net profit positions SRG Housing Finance as a key player in the housing finance industry, contributing to the broader goal of promoting homeownership and housing development in the country.

Infrastructure Urban

23 May 2025

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Infrastructure Urban

23 May 2025

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi鈥檚 daily average Air Quality Index (AQI) clocked 213 (鈥楶oor鈥� category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording 鈥楶oor鈥� air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Infrastructure Urban

23 May 2025

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..