CanFin Homes targets Rs 500-cr business in 01-02

Bangalore, Sept 20: CanFin Homes Ltd, sponsored by Canara Bank, has targeted a business of Rs 500 crore under loan approvals and Rs 450 crore under disbursements during 2001-02.

At the 14th annual general meeting here, CanFin’s director Manu Chadha said during 2000-01, the disbursements at Rs 277.85 crore recorded a growth of about 30 per cent as compared to Rs 214.80 crore in the previous year. Sanctions at Rs 312.33 crore showed about 21 per cent growth as compared to Rs 258.72 crore in the previous fiscal, a CanFin Homes release said.


During 2000-01, CanFin registered the highest ever PAT at Rs 17.71 crore, with an all-time high 20-per cent increase as compared to Rs 14.79 crore during the previous year. (PTI)The deposits of the company reached a level of Rs 449.99 crore.

The annual general meeting approved a dividend of 23 per cent for 2000-01, the release said.

— PTI