Dewan Housing : Planning to raise Rs 1,000 cr

According to Mr Anil Sachidanand, CEO, Dewan Housing Finance Corporation (DHFC)  said, “We are looking to raise capital of Rs 750 crore to Rs 1,000 crore before this year-end or the fourth quarter of this fiscal. This would help us augment further expansion and continue credit growth,” .

DHFC has seen about 50% for the past 12-14 quarters, and given the current scenario, a 30-35% growth in credit was expected this year.

The company's lending portfolio stands at Rs 24,000 crore across 2.69 lakh customers. About 93% of their lending is to retail customers with an average ticket size of Rs 7-8 lakh.
The Dewan Housing Finance Corporation, largely concentrate on the lower- and mid-income segment, with a monthly income of Rs 4,000-Rs.20,000.

Default percentages among customers were less.Its gross NPAs stood at 0.53%, while net NPAs were at 0.24%
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