Managing Director SK Hota said going forward, every quarter is expected to be a better quarter.
In an interview to CNBC-TV18, Harshil Mehta, Joint MD & CEO of Dewan Housing Finance Corporation (DHFL) spoke about the latest happenings in his company and sector.
Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
In an interview to CNBC-TV18, Harshil Mehta, Joint MD & CEO of DHFL spoke about the results and his outlook for the company.
Their assets under management (AUMs) would touch nearly 2 lakh crore and the return on equity would be over 20 percent by 2020, said Kapil Wadhawan, CMD, DHFL
In an interview to CNBC-TV8, Kapil Wadhawan, CMD of DHFL spoke about the results and his outlook for the company.
Housing finance companies are in focus because PM Modi has announced two new housing schemes and also new schemes for the urban poor. In an interview to CNBC-TV18, Harshil Mehta, CEO of DHFL and Gagan Banga, Vice Chairman & Managing Director of Indiabulls Housing Finance shared their readings and outlook on the same.
The weighted average cost of funds would be at 9 percent in FY17 versus 9.56 percent reported in FY16, said Kapil Wadhawan, CMD, DHFL.
In an interview with CNBC-TV18, Kapil Wadhawan, CMD of DHFL, talked about its Rs 2,000-crore non-convertible debenture (NCD), which got over-subscribed six times on day 1 of issue, and explained why the company priced the issue attractively in a falling rate environment.
In an interview with CNBC-TV18, Harshil Mehta said that the company's focus has been on improving its cost of funds and expects a 15-25 basis points (bps) improvement for the same in the short term.
Dewan Housing Finance Limited (DHFL) is looking to raise additional Rs 10,000 crore in couple of more tranches, says CMD Kapil Wadhawan.
Talking about the overwhelming response seen by the issue, Kapil Wadhawan, CMD, DHFL says it would be a game-changer not only for the company but for the industry as a whole.
Kapil Wadhawan, CMD of DHFL tells CNBC-TV18 that the earnings momentum witnessed in Q1 would continue for the next couple of quarters.
While SREI Infra fits the criteria laid out in the draft guidelines and is also well capitalised, Vice Chairman Sunil Kanoria says, no decision has been made yet on applying for a license.
Last week, the Reserve Bank of India (RBI) granted an in-principle nod to 10 applicants for small finance banks.
DHFL enters into a tripartite MoU to offer 1-yr post graduate programme in financial services with NIIT, Institute of Finance Banking & Insurance Training (IFBI) & NIIT University.
Harshil Mehta of DHFL believes the guidelines may also get extended for middle income group (MIG) which costs around Rs 12-15 lakh in tier-2 and tier-3 cities.
In an interview to CNBC-TV18, Kapil Wadhawan, chairman and managing director, Dewan Housing Finance Limited (DHFL) shares his views on the company's fund raising, growth plans and expectations from the Union Budget.
Dewan Housing CMD Kapil Wadhawan spoke to CNBC TV18 after announcing the company's quarterly earnings. Speaking to CNBC-TV18, Wadhawan said deferred tax liability (DTL) issue plague profitability to some extent but if banks pass on rate cut benefits, the company will see 25-50 bps lower cost of funding.
Speaking to CNBC-TV18 after posting good set of Q2 numbers, Kapil Wadhawan, chanirman and managing director, Dewan Housing Finance (DHFL) says unless the Reserve Bank of India (RBI) hikes interest rates in the upcoming monetary polices, the financing company will be able to maintain its NIMs.
In Q1, the company maintained less than 1% gross NPA and net NPA of close to zero. Even during this quarter, it doesn't see too much of a worry. It hopes to achieve 18-20% growth in its retail housing loans by this fiscal year end, which it showcased in Q1.
CMD Kapil Wadhawan shared no financial details of the DLF deal, but expects it to be value accretive.
The National Housing Bank (NHB), the regulator for housing finance companies in India is ramping up its efforts on affordable housing, typically priced below Rs 25 lakh. It has almost finalised the scheme for Urban Housing Fund (UHF) of Rs 2,000 crore, recently announced in the Union Budget 2013.
Kapil Wadhawan, CMD, Dewan Housing explain on CNBC-TV18, after the announcement of results, that the total income for Q3 stood at Rs 840.6 crore and disbursements grew 30.86 percent. The company has not witnessed a significant fall in overall costs and the net profit for the quarter stood at Rs 91 crore.