homefinance NewsCan Fin Homes eyes 18 20% disbursal, AUM growth next fiscal as 'housing sector seeing robust demand'
Can Fin Homes eyes 18-20% disbursal, AUM growth next fiscal as 'housing sector seeing robust demand'
In an interview with CNBC-TV18, Girish Kousgi, MD and CEO, Can Fin Homes, affirmed that bookings and disbursals have been strong in the last few quarters. He explained that the company is looking at 18-20 percent growth on disbursals and AUM for FY23. According to him, demand is pretty robust on the housing sector side.
In an interview with CNBC-TV18, Girish Kousgi, MD and CEO, Can Fin Homes, affirmed that bookings and disbursals have been strong in the last few quarters. He explained that the company is looking at 18-20 percent growth on disbursals and AUM for FY23. According to him, demand is pretty robust on the housing sector side.
He said, “Demand is pretty good now with certain sops coming back to the housing industry in terms of a slight increase in tax benefit for the customers. Some of the schemes which got over in March this year, if those are extended, like middle-income group (MIG), if it is extended, it will add up existing demand.”
Going ahead, he expects profitable growth to come back in the coming quarters. Kousgi explained that the company had increased its rate twice this year which in turn helped its net interest margin (NIM).
Giving details about the incremental ticket size, he mentioned that it is around Rs 23.5 lakh. Additionally, he said that the incremental cost of funds is around 4.98 percent.
“Our incremental cost of funds is 4.98 percent, at a portfolio level, it’s about 5.5 percent. In terms of NIMs, last 3 quarters, it has been improving and NIM for Q3 was 3.74 percent. This number was 3.53 in the last quarter; and spread was 2.49 in Q3, which was 2.42 in the last quarter,” said Kousgi.
Watch the video for the full interview.
First Published: Jan 27, 2022 2:34 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP holds meeting in Delhi as polling underway for 5th phase
May 20, 2024 4:21 PM
UP Police arrests man after viral videos shows him voting multiple times
May 20, 2024 2:18 PM