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| DHFL to raise Rs 3,400 cr in FY10 | |
| Press Trust of India / Mumbai May 11, 2009, 20:39 IST | |
Dewan Housing Finance Corporation (DHFL) today said it plans to raise Rs 3,400 crore during the current fiscal to meet disbursement requirements.
"We have decided to raise Rs 3,400 crore this fiscal through Non-convertible debentures, banking system and National Housing Bank," company's Chief Financial Officer Prashant Chaturvedi told PTI.
He, however, declined to give the break-up, saying that would be decided later on.
Chaturvedi said that DHFL expects to disburse Rs 3,400 crore during the current fiscal as compared to Rs 2,240 crore in FY09, he said, adding that the focus of the company would continue to remain on the rural and semi-urban areas of the country.
DHFL' capital adequacy ratio (CAR) stood at around 16 per cent during the period ended March 31, 2009.
"The softer loan rate regime would continue during the year," he said.
Meanwhile, DHFL today reported a 27.33 per cent dip in net profit for the quarter ended March 31, 2009 at Rs 21.39 crore as compared to Rs 29.44 crore in the corresponding quarter previous fiscal.
Last year, the company had a one-time income of Rs 16.99 crore from the venture fund.
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