Finance is very necessary to construct a house whatever size and level it may be of. In the present age, due to rapid growth in population and urbanization, income per capita is so less that a person finds him unable to manage his finance in the construction of the house. Therefore, some financial institutions have been established to provide adequate finance for housing construction. Among them, ICICI Home Finance Company Ltd. is a major player in the home loan category with attractive interest rates and a host of incentives to the customers seeking a home loan. It was incorporated on May, 28, 1999 as 100% subsidiary of ICICI Personal Financial Services Limited with the objectives of providing long term housing loans to individuals and corporate. The company was registered on March 30, 2000 with National Housing Bank. With effect from May 03, 2002, ICICI Home Finance Company has become a 100% subsidiary of ICICI Bank Ltd. It has already engaged in this field more than 10 years. So, it is a time to analysis the home finance status and financial performance of ICICI Home Finance Company critically. That's why, the investigators have decided to analysis the performance of ICICI Home Finance Company from 2007–08 to 2013–14. All the information has collected through secondary data. The analysis is based on different financial ratios as well as statistical tools like graphs, percentages and growth rates. The findings reveal that the home finance status of ICICI Home Finance Company is decreasing year by year but the profitability is increasing due to financial leverage which is helpful to maximize the wealth of shareholders.
Housing Finance, ICICI Home Finance Company, Financial and Operational performance
