Indiabulls Housing Finance Ltd (IBHFL) has set a target to disburse Rs 1,500 crore loan in Karnataka this financial year (2013-14).
During the financial year 2012-13, the company disbursed Rs 900 crore, Gagan Banga, Managing Director and Chief Executive Officer, IBHFL, told reporters.
In order to reach out to Tier II and III cities in Karnataka, the company opened its ‘Home Loan Master Service Centre’ in Bangalore. The centre will process all applications received in Karnataka and expedite the process of home loan applications.
“The centre will closely network and support several offices in different parts of Karnataka such as Mangalore, Hubli, and Mysore, and also across Bangalore in Malleswaram, Marathalli, Jayanagar and Whitefield,” explained Banga. IBHFL has so far assisted nearly one lakh customers to own a home of their own and has a pan-India presence, with over 200 branches spread across the country.
Talking about company’s financials, Banga said IBHFL has set a target of 25 per cent in both revenues and profits for fiscal 2013-14, similar to that of fiscal 2012-13.
Loan book of the company grew 25.08 per cent to Rs 34,425 crore at the end of FY 2012-13, over the loan book at the end of FY 2011-12 of Rs 27,521crore. anil.u@thehindu.co.in