DHFL has restricted fresh lease rental discounting credit and construction loans as the housing finance company tries to re-balance its loan growth profile to ward off liquidity issues, according to sources.
With regards to 82 percent of retail portfolio that consists of housing loans, loan against property book and affordable housing, the company has six month sanctioned line which can be used for disbursement and growth, said sources.
The sources added that the company was also selective while giving loans to HFCs and LAP but affordable housing business growth is constant and have received Rs 200 crore from national housing board (NHB).
The company is also going to consciously restrict commercial paper to 5-6 percent of the overall borrowings. The management has confirmed to CNBC-TV18 that that steps are being undertaken to re-balance the book.
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know.