Can Fin Homes remained unaffected by demonetisation and Managing Director SK Hota told CNBC-TV18 the company's portfolio and type of loans given were the primary reasons behind this.
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.
SK Hota, Managing Director, Can Fin Homes, expects the loan book to be around Rs 13,500 crore at the end of this financial year, which works out to an increase of 29 percent year-on-year
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.
Home loan providers, Can Fin Homes reported a 12.47 percent rise in net profit to Rs 47.44 crore in the fourth quarter. The net interest income (NII) came in at Rs 98.57 crore for the quarter gone-by.
C Ilango, MD of Can Fin Homes, says 90 percent of customers are first time home loan borrowers.
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.
C Ilango, MD of Can Fin Homes Limited expects benefits of product mix and low borrowing cost to continue in coming two quarters.
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).
Can Fin Home Finance has reported a good fourth quarter numbers. In an interview to CNBC-TV18, MD C Ilango discusses the company‘s earnings and its future outlook.
In an interview to CNBC-TV18, C Ilango, MD of Can Fin Home Finance, discusses the numbers and company‘s future outlook.
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.