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Sunday, December 15, 2013

DHFL Vysya Housing eyes 30% growth in disbursements

DHFL Vysya Housing Finance Ltd (DVHF) is confident of achieving at least a 30 per cent increase in home loan disbursements this fiscal, its Managing Director R. Nambirajan has said.

The company is targeting a disbursement level of about Rs 400 crore in the current fiscal, he told Business Line.

Last year, the housing finance company, which is part owned by Dewan Housing Finance, had disbursed Rs 272 crore, recording a near 35 per cent jump on a year-on-year basis.

Strong demand

Nambirajan said that there was strong demand for housing loans among the middle class and lower middle class, especially in tier-3 cities.

He ruled out any capital raising this fiscal, stating that the company had comfortable capital adequacy ratio of 18 per cent.

srivats.kr@thehindu.co.in

Source: thehindubusinessline

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