Capital India Home Loan plans to double asset booking to Rs 250 crore this fiscal year, Real Estate News, ET RealEstate

Watch Free Movies and TV shows Apps

🎬📺 Free Movies and Free TV Shows! 🎭🎬


img
Capital India Home Loan plans to double asset booking to Rs 250 crore this fiscal yearNEW DELHI: Mortgage lender Capital India Home Loan aims to double its asset book to over Rs 250 crore by the end of the current fiscal year. The home financing company promoted by NBFC firm Capital India Finance Limited (CIFL) had a loan book of about Rs 135 crore in the fiscal year ended March 31, 2021.

“We just closed the fiscal year and the credit book should double in the current fiscal year,” CIFL President Harsh Kumar Bhanwala told.

Watch Free Movies and TV shows Apps

🎬📺 Free Movies and Free TV Shows! 🎭🎬

The loan book is expected to reach Rs 250 crore by March 2022, he added.

Capital India Home Loans is a new-age mortgage company with a focus on providing premium loans to home buyers.

Speaking of NBFC business, Bhanwala said, the firm has shifted its focus from mid-corporate to SME and priority sector lending.

Despite difficulties in the economy due to COVID-19, the company has been able to rein in its non-performing assets (NPAs).

CIFL — promoted by SK Narvar — has opened 7 additional offices across the country. The company is a technology-enabled SME financing platform that partners with small and medium-sized businesses with tailor-made financial solutions. It also deals with retail financing, remittance and payment solutions.

Depending on market conditions, Bhanwala said, NBFC would raise funds to fund business growth.

The company plans to raise up to Rs 1,000 crore by issuing debt securities.

The board of directors at its meeting last week approved the raising of funds, in Indian/foreign currency, up to Rs 1,000 crore through the issuance of non-convertible bonds/bonds, medium term bonds and other debt securities.

Watch Free Movies and TV shows Apps

🎬📺 Free Movies and Free TV Shows! 🎭🎬

[ Sharing is Caring! ] Tags: BUSINESS LOAN, HOME LOANS, LOANS, LOANS AT HOME
This div height required for enabling the sticky sidebar