Targeting return on assets of 1.5% by FY20: Reliance Home Finance

"The company is looking to grow is loan book at 50 percent compound annual growth rate (CAGR) over the next three-to-four years," Ravindra Sudhalkar, CEO, Reliance Home Finance said in an interview to CNBC-TV18.

September 22, 2017 / 11:05 IST

The Reliance Home Finance scrip made a stellar debut in trade today.

"The company is looking to grow loan book at 50 percent compound annual growth rate (CAGR) over the next three-to-four years," Ravindra Sudhalkar, CEO, Reliance Home Finance said in an interview to CNBC-TV18.

He further said it is looking to maintain its net interest margin (NIM) at 3.5 percent and grow its housing finance business to 60 percent by FY20.

The housing finance company is targeting return on assets (RoA) of 1.5 percent by FY20, he added.

Watch accompanying video for more details.

first published: Sep 22, 2017 11:02 am

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