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Aavas Financiers
AAVAS
NSE
BSE
NSEBSESectorFinancial Services
1,297.80
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About the company
Aavas Financiers Ltd. is a registered Housing Finance Company in India, focusing on providing affordable housing finance to low and middle-income customers in semi-urban and rural areas. The company offers home loans for purchase, construction, extension, and repair of residential properties, as well as loans against property and MSME loans. Aavas operates through 371 branches across 13 states, including Rajasthan, Maharashtra, Gujarat, and Madhya Pradesh. The company uses technology and data analytics for customer onboarding, underwriting, loan monitoring, and risk management. Aavas sources funding through various means, including term loans, securitization, non-convertible debentures, and refinancing from the National Housing Bank. As of March 31, 2023, Aavas had an Assets under Management (AUM) of Rs 14,167 crore and received a Rs 1,044 crore line of credit from the National Housing Bank in 2022-23.
In the news
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India's Affordable Housing Finance Stocks Show 30%+ Growth
Aavas Financiers Q1 profit jumps 23% on strong loan growth
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Aavas Financiers Q4 profit jumps 18% to ₹182 crore
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Prabhudas Lilladher maintains AAVAS Financiers buy rating at ₹1500