It is opening now. Thanks Ayush for sharing the url.
Salient points:
- RBI has reduced risk weight will result in reduction in cost of borrowing and hence conservation of capital, HFC will pass on benefit to borrower
- Avg ticket size 18 lakhs for home loand and 13 lakhs for loan against property
- Interest spread of 2 to 2.5% will be maintained
- They have increased borrowing from NCD/CP 9% to 37% and reduced from banks from 38% to 21% yoy. Further plan increase borrowing from NCD/CP to 50%. This will help margin expansion
- Business is as usual in Bangalore and Hyderabad. Subdued in NCR and Tamil nadu
- 95% borrowers are first time borrowers
- Current GNPA 0.17% NNPA 0%
- Aiming for Loan book growth to 35,000 crore by 2020
- Do not see need for raising capital till April 2017
Disclosure- have some exposure to canfin
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