India's Most Valuable Mortgage Lender Sees Competition Ebbing.

Bajaj Housing Finance Ltd., India's most valuable mortgage lender, believes that competition in the housing market is decreasing as larger banks shift their focus to corporate credit. The chairman of the company, Sanjiv Bajaj, stated that banks have been concentrating on retail business due to softer demand from corporate borrowers, making the housing finance market highly competitive. However, as corporate lending restarts, Bajaj expects there to be less margin pressure on the home loan business. Bajaj Housing has been growing faster than the industry rate and plans to continue expanding in key markets. The total inventory of vacant homes has also decreased, signaling the start of another cycle of construction and lending to the sector. [Extracted from the article]