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The new name of the company reflects a clear linkage to its parent, Deutsche Postbank AG, which is the largest private sector retail bank in Germany with more than 14.3 million customers, the company said in a statement.
Birla Housing Finance was acquired by Deutsche Postbank Home Finance Ltd a few years ago.
Its application for change of name has been approved by the Registrar of Companies based on clearance from National Housing Bank, it said.
For the half-year ended September 30, 2008, the company's advances stood at Rs 35,810 million (US$731.7 million) against Rs 25,080 million in the same period last year.
The company has a network of 40 branches and satellite offices across India.
(PTI)
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