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Limitations of study:

 The MBA Banking Project Report on Study on Home Loans of ICICI Bank study was restricted in understanding the home loan as concept so the practical implications of the study have been difficult. The innovative features of the various HFIs as part of their home loan schemes but is not a comprehensive study of their home loan schemes. The Take Over home loans of high interest rate for low interest rates and their inherent risks on the banks lending profile has not been undertaken in the study. The mortgage home loans and its scope on the home loan lending portfolio were not studied as this would lead into a relatively new kind of home loan segment. CONCLUSION: 1. The home loan segment can be extended to the lucrative NRI segment; this would provide the bank a cutting edge and larger share of the home loan market. 2. The bank can provide the benefits like SMS alert and other features so as to make the home loans more attractive. 3. The bank can contemplate on decentralizing the operations however taking into consideration the experience and expertise of the members at Loan Department enters. Scope of study: The study covers a period of five years from 2003 to 2008. There are several reasons for selecting this period. During the past 5 years the Bank has gone global as a result the

company has witnessed many economic and political changes. Company has undergone rapid changes in the past 5 years due to many policy decisions relating to capital markets, banking sector & licensing policy. The study is limited to only ICICI Bank This study is mainly related to the individuals who are interested in taking home loans from banks to fulfill their dreams. The study is mainly related to all the loans provided by ICICI bank only. OBJECTIVE OF THE STUDY OF HOME LOANS: the study was mainly conducted to understand the concept of home loan scheme and the eligibility criteria of the customers. The study is done to understand the documents involved in the home loan scheme and the repayment methodology adopted by various banks and the HFCs (Housing Finance Corporations). The innovative home loan schemes and the risk capturing mechanism adopted by the HFIs and the future of the home loan segment has been undertaken as a part of this study
With low delinquencies and attractive returns on equity, the housing finance business in India is beginning to attract Private Equity (PE) players interest. The recent case in point is Repco Home Finance which is going in for initial public offer. Global PE firm Carlyle holds about 23.75% stake in Repco HFC. In January 2013, Wolfensohn Capital Partners picked up nearly 13% from Carlyle in Repco Home. The deal valued Chennai-based housing finance outfit at between Rs 700 crore and Rs 800 crore. Carlyle had moved into Repco in Early 2008. The deal between Carlyle and fund set up by former World Bank president James Wolfensohn, was a secondary deal that is a transaction between private equity funds. National Housing Bank chairman RV Verma said housing finance sector is attracting those PEs funds which are prepared to stay for long-term. The strong growth outlook, better quality assets (low defaults), profitability and stable regulatory and supervisory environment are key factors in driving their interest. H V Harish, partner with Grant Thornton India, said the large player like HDFC has lent credibility to sector by building a viable business brick-by-brick. CMP Asia Ltd, a Carlyle group arm, had invested $650 million (Rs 2,638 crore) in HDFC in May 2007. It is not just in HFCs those serving top and middle end of market (big ticket loans) but also in those HFCs companies financing those catering to lower income segment and self employed professionals. While there is competition from banks for hawking loans, the gap between demand and supply (of housing units) is yawning. The funding salaried class to buy houses is best bet with their assured income and very low delinquency.

Vibha Batra, senior vice president and co-head financial sector rating at ICRA, said it can be a challenge to get access to fund especially from banks for nascent housing companies. Typically HFC requires three years track record before lending institutions could consider extending facility. It is here that PEs could play very crucial role of chipping in funds, albeit high cost equity capital, during formative stage, she said. This equity capital by PE could be leveraged once the lenders develop comfort to lend the company after a reasonable track record. Establishing branches network, system and processes and risk management practices are crucial for new HFCs to grow in sustainable manner. PEs with presence on board can provide support in formative stage. The upcoming HFCs are looking for PE money. DMI Finance, Delhi-based non-banking finance company, has a just floated housing finance unit and is looking for fresh capital infusion. In January 2013, Burman family, promoters of consumer goods major Dabur, have picked up significant stake in DMI. Shivashish Chatterjee, co-founder DMI Finance said besides investing money PEs can help to nurture international best practices to keep cost practical. This would help to convert higher topline growth into robust bottom-line. According to rating agency CRISIL while housing finance outfits have a higher cost of funds compared to banks, they have been able to maintain comparable spreads. With improved efficiencies, lower operating costs and better risk management, HFCs are reporting higher net interest margins.