Q1 Results: Indiabulls Housing Finance’s Profit Falls, Bad Loans Rise
The merger of Indiabulls Housing Finance and Lakshmi Vilas Bank has received CCI approval and now awaits nod from RBI and the stock exchanges. (Photographer: Dhiraj Singh/Bloomberg)

Q1 Results: Indiabulls Housing Finance’s Profit Falls, Bad Loans Rise

Indiabulls Housing Finance Ltd.’s profit fell, missing estimates, in the June quarter as asset quality worsened.Net profit declined 24 percent year-on-year to Rs 801 crore in the April-June quarter...
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