The third quarter saw one of the toughest liquidity crises for housing finance companies. However, Can Fin Homes has passed this litmus test. Disbursements for the company declined 9 percent QoQ in comparison with 11 percent QoQ decline for LIC Housing Finance, 43 percent for GRUH Finance and 96 percent for Dewan Housing Finance.
Sharing his outlook going forward, K Hota, managing director of Can Fin Homes, said disbursements in Q4 year-on-year are expected to be good and will only improve going forward.
Hota said that he did not see any hiccups in the first time home loan buyerâ€™s demand, the category that the company caters to. "There is also traction seen on the supply side for this category. So, going forward every quarter is expected to be a better quarter," he said.
With regards to liquidity, Hota said for Can Fin Homes, it has never been an issue as it is a pure retail home loan player.