NEW YORK: Fullerton India Credit Company (FICC) is planning to enter the affordable housing finance segment and has applied for a licence to the National Housing Bank (NHB). The home loan arm will be called Fullerton Home Finance Company.
“We are looking at doing affordable housing,” said Shantanu Mitra, chief executive officer and managing director of FICC.
“The initial capital for the first two years will be infused through FICC and that would be around RS100 crore to start operations. Later, it will depend upon the business plans. We are looking at international markets…