Can Fin Homes: Targets 80% Housing loan growth

C. Ilango, MD, Can Fin Homes

The housing finance arm of Canara Bank, Can Fin Homes Ltd is targeting 80% growth in housing loan disbursals at Rs. 1,500 crore during the current financial year - 2012-13.

Mr. C. Ilango, MD, Can Fin Homes Ltd said, “We plan to achieve this by expansion of our reach, by adding 20 branches during the present financial year and aggressive marketing,” .

 Can Fin Homes disbursed Rs. 860 crore as on March 31, 2012, which is 80% more than in the previous year. The total outstanding loan portfolio stood at Rs. 2,677 crore (Rs 2,198 crore).

On the technology front, the bank is in the process of bringing its branches under the core banking solution. By 2012 June all branches will be interlinked with core-banking.

Can Fin Homes had also opened 2 centralised fire-proof document storage centres at Gurgaon and Bangalore for the safe custody of documents.

For the year ended March 31, 2012, Can Fin Homes posted a net profit of Rs. 44 Core (R.s 42 crore).


About Can Fin Homes..!Can Fin Homes is a close affiliate of Canara Bank, with the bank owning over a quarter of the total shareholding . In tandem to this staunch support, It also have Unit Trust of India and HDFC as our major shareholders besides the public.

Can Fin Homes has its wide network of  about 55 branches Pan Indida. It is built on a very clear operating focus - to promote ownership & increase housing stock, across India. To achieve this prime objective, Can Fin employs the best of its resources and has, till date, seen over one lakh families secure homes.

Registered Office & Corporate Office

Can Fin Homes Ltd.,

No. 29/1, Sir. M N Krishna Rao Road
Lalbagh West, Basavanagudi
Bangalore – 560 004
Tele : (080) 2657 0155

E-mail : development@canfinhomes.com

Fax     : 080 -  2656 5746


Photo : The Hindu

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