| Fullerton India Credit Co Ltd (FICCL), an arm of Singapore's state-run investment fund Temasek Holdings expects to build a Rs 5,000 crore to Rs 6,000 crore mortgage book in India in the next five years by lending to people in small towns and villages.
On Wednesday, the non banking finance company (NBFC) launched 'Grihashakti' through a subsidiary Fullerton India Home Finance which will lend to individuals to buy homes, refurbish houses and raise money against property. FICCL will invest Rs 100 crore in the new venture initially, the company had said in May 2015...............................................Full Article: Source
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