Can Fin Homes Ltd is targeting 80 per cent growth in loan disbursals at Rs 1,500 crore during the current financial year.
“We plan to achieve this by expansion of our reach, by adding 20 branches during the present financial year and aggressive marketing,” Mr C. Ilango, Managing Director, Can Fin Homes Ltd, told Business Line here on Monday.
The housing finance arm of Canara Bank disbursed Rs 859 crore as on March 31, 2012, which is 81 per cent 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 June this year, all our branches will be interlinked with core-banking,” the official said.
It had also opened two centralised fire-proof document storage centres at Gurgaon and Bangalore for the safe custody of documents.
“We have also recently streamlined quality control measures by introducing tri-monthly review of loan sanctions by branches at the regional office and improving credit authorisation norms,” Mr Ilango added.
For the year ended March 31, 2012, Can Fin Homes posted a net profit of Rs 43.76 crore (Rs 42.02 crore).
Earlier, Mr Ilango had inaugurated two branches at Gachibowli and Taranaka here.