Mr. Srinivas Acharya , Managing Director, Sundaram BNP Paribas HFL said, ''The company has already made disbursements worth Rs. 1,210 crore toward home loans. With this positive trend, we are confident of achieving our full-year target of Rs. 1,800 crore.With the achievement of Rs. 1,210 crore in less than 3 quarters,the company had enhanced its disbursements growth by 59% vis-a-vis the same period last year, when it stood at only Rs. 771 crore".
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| Mr. Srinivas Acharya |
Mr. Srinivas Acharya also said, "We are quite strong in the South India, with nearly 6% market share. Our target is to step it up to 15% by 2013-14. In addition to the 50 branches started at the beginning of the year, another 6 to7 branches would be added before March, 2012. The new branches would come up in Bhubaneshwar, Nashik & Kolhapur."
About Sundaram BNP Paribas Home Finance..!Sundaram Home Finance Ltd was incorporated on July 2, 1999, under the Companies Act 1956.
Sundaram Finance Ltd has promoted Sundaram Home Finance Ltd.
Sundaram Finance Ltd (SFL) and Union de Credit pour le Batiment (UCB) a wholly-owned subsidiary of BNP Paribas, France, had entered into an agreement on May 2007, regarding a strategic partnership in housing finance in India whereby UCB will acquire a 49.9% stake in Sundaram Home Finance Ltd, a subsidiary of Sundaram Finance Ltd. Consequent to the completion of the regulatory approvals, the name of the Company has been changed to Sundaram BNP Paribas Home Finance Ltd effective from November 2007.
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