Motilal Oswal
    NIFTY 50
Motilal Oswal

Targeting 24-25% AUM growth for FY20, says Can Fin Homes

Updated : May 02, 2019 04:05 PM IST

Can Fin Homes, the listed home mortgage arm of Canara Bank on Thursday said it's targeting 24-25 percent assets under management (AUM) growth for FY20.

In an interview to CNBC-TV18, SK Hota, managing director, said things are positive as far as Q4 is concerned both sequentially as well as year-on-year,

"Q4 has proven to be one of the best quarters in the last 12-13 quarters. We are seeing growth coming back across the country and more importantly in our home state of Karnataka,” he added.

Further, Hota said, "We have already entered the monsoon season, great numbers are expected in Q1 and Q2. However, the second half particularly is the best season for housing and we are expecting the growth rate to pick."

Talking about liquidity, he said, "We are more than three decades old, so my cash flows are so very high that if I disburse Rs 450-500 crore in a month, the cash flow itself is in the range of Rs 350-375 crore. So that’s not an issue as far as the balance sheet is strong."
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