After the two years gap, Hudco is
all set to enter the home loan segment again. “We
are planning to launch our retail home loan product Hudco Niwas
during this year,” said the Hudco Chairman and Managing Director,
Mr. V.P. Baligar.
The company is waiting for the
board approval. The company recorded net profit of Rs. 550.03 crore
in the last year and a growth of 14% in this fiscal with net profit
of Rs. 629.18 crore.
With regard to the
asset quality, Mr. Baligar said, the gross non-performing assets of
the company stood at 6 per cent while the net NPA was 1.35 per cent
at the end of March 2012. “We have sanctioned a total loan of Rs
20,511 crore, in 2011-12, which is the highest so far,” he added.
The company’s focus will be reducing NPAs and recovery in this
fiscal.
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