SK Hota, the company's MD, added that liquidity was not an issue for retail home loan players.
Can Fin Homes’ disbursement growth picked up in Q2 but loan growth on a year-on-year basis is the slowest the company has seen in the last nine quarters.
Elaborating on the results, SK Hota, managing director of the company, said that the disbursement were picking up quarter-on-quarter as well as year-on-year.
He added that liquidity was not an issue for retail home loan players.
Talking about cost of funds, Hota said, “It has gone up from 7.73 to 7.83 this quarter, quarter-on-quarter it has gone up by 10 basis points where yields hover around 9.99 levels.” One basis point is a hundredth of a percentage point.
On balance transfer front, he said, “There are few players who are very aggressive on balance transfers. I do not say this is good or bad. As long as it is benefiting the customer it is always good, but the balance transfers are supposed to cool off once it cools off a bit the conversion of disbursements into your loan book will be higher.”