Can Fin Homes plans to lend Rs 540 crore

Kochi: Can Fin Homes Ltd, one of the largest bank-sponsored housing finance companies in India, is planning to sanction loans amounting to Rs 540 crore and disburse Rs 475 crore in the current financial year.

The company had achieved a profit after tax of Rs 19.81 crore for 2001-02, which is an all-time record. The loan sanctions in Kerala amount to Rs 135 crore and disbursements Rs 120 crore, of which sanctions amounting to Rs 30 crore and disbursements amounting Rs 27 crore have been made through its Kochi branch, says Mr Can Fin Homes managing director G Umesh Shenoy.

During this financial year, the company plans to sanction Rs 50 crore and disburse Rs 45 crore in the state, of which sanctions of Rs 18 crore and disbursements of Rs 16 crore will be done through the Kochi branch.