Anil K Khandelwal, executive director, Bank of Baroda, has taken over as the chairman of BOB Housing Finance Ltd.
The housing finance company has declared a 12 per cent dividend to its shareholders for the year 2000-01.
Khandelwal said the BOB Housing Finance was exploring alternate sources of funding from institutions such as International Finance Corporation (IFC), International Bank for Reconstruction and Development (IBRD) and Asian Development Bank (ADB) to raise borrowings at low cost.
Also Read
It also plans to enter the field of consumer credit to the existing borrowers for improving its profitability and for exploring possibilities of entering into synergic options like joint ventures.
The housing finance company is also contemplating to mobilise public deposits for which it has been granted 'MAA' rating signifying high safety by Icra. The company also plans to increase its network by opening up branches in Kolkata, Aurangabad, Gurgaon and Chandigarh. The disbursements for the quarter ended June 2001 have been to the tune of Rs 32.36 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app