89 percent of Can Fin Homes’ portfolio is for individual home buyers. “We have given a guidance of Rs 17,000 crore loan book for current year so we are sticking on to that so far,” SK Hota, MD, Can Fin Homes said.
Additional 5 percent allowed for funds to invest in housing finance companies in the paper will see demand from bond market, SK Hota, Managing Director of Can Fin Homes told CNBC-TV18. There‘ll be a cost advantange to companies like ours, he said, adding, that he expects liquidity to increase which will help faster growth in loan book.
Most of the NPAs have been recognized already and no surprises are expected in FY17 as far as stressed assets are concerned, says TN Manoharan, Chairman of Canara Bank.
C Ilango, MD, Can Fin says he is confident of maintaining the current growth rate as the company's cost of incremental borrowings are likely to come down.
In an interview with CNBC-TV18, C Ilango, MD and CEO, Can Fin Homes said the company is looking to raise funds via non-convertible debentures (NCDs) and commercial papers (CPs).
C Ilango, MD, Can Fin Homes says that coompany's rights issue that will take care of its funding requirements till 2017 will open in February with an issue size of Rs 250-300 crore.