Can Fin Homes (707 to 887)
Recommended on: 31-May-2023
Recommended Price: 707
Today’s High: 887
Highest Return: 25.46%
Date High Made: 24-July-2023
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Can Fin Homes: A Leading Housing Finance Company Expanding its Footprint in India
Can Fin Homes is a prominent Housing Finance Company (HFC) established in 1987 and promoted by Canara Bank. As the first HFC floated by a nationalized bank in the country, it has gained a strong foothold in the Housing Finance Sector in India. This report explores the company’s growth, asset quality, margins, credit cost, and expansion strategies that support its performance.
The company offers a wide range of housing loans, including individual homes, affordable housing, composite loans, and top-up loans. Additionally, non-housing loans such as mortgage loans, site loans, loans for commercial properties, personal loans, and education loans are available. These offerings cater to the diverse needs of both salaried and self-employed borrowers.
Can Fin Homes prides itself on its diverse loan offerings, serving both the housing and non-housing segments. With compelling interest rates, the company aims to attract more customers while maintaining a competitive edge in the market.
Can Fin Homes has built a strong brand reputation as a reliable housing finance partner. Through its well-funded and diversified balance sheet, the company has successfully financed its growth strategies while nurturing strong customer relationships.
With its existing network, Can Fin Homes has established a pan-India presence by strategically penetrating regions with limited banking infrastructure. By catering to a wide range of customers, the company has expanded its portfolio across housing and non-housing loan segments.
Appointment of New MD&CEO:
Suresh Iyer, former head of Gruh Finance, has been appointed as the new MD&CEO of Can Fin Homes from March 18, 2023. His extensive experience in the mortgage industry is expected to further strengthen the company’s leadership.
Can Fin Homes currently operates 172 branches, 21 Affordable Housing Loan Centres, and 12 Satellite Offices across 21 States and Union Territories of India. The company aims to continue expanding its branch network to tap into unexplored opportunities in Tier 2 and Tier 3 cities.
Focus on Affordable Housing:
Can Fin Homes takes pride in being the first housing finance company with exclusive Affordable Housing Loan Centres (AHLC). These centres cater to the peripheral areas of Tier 1, Tier 2, and Tier 3 Cities. The company currently has 21 AHLCs.
Can Fin Homes, as a leading housing finance company approved by the National Housing Bank, has demonstrated strong growth, robust asset quality, healthy margins, and low credit costs. With its expanding footprint and a focus on affordable housing, the company is poised for continued success in the Indian housing finance industry.