PNB Housing Finance to keep net NPAs below 1
PNB Housing Finance, a subsidiary of Punjab National Bank and a partner of Destimoney Enterprises, is set to undergo a complete makeover. The company is in the process of consolidating its branches, adding new features to existing products and launching new products, which would cater to different segments. The company is also targeting a growth of 25 30% in disbursements. Sanjaya Gupta, the company newly appointed managing director shares his plans with DNA. Excerpts:
What are your growth targets for this fiscal?
We are eying a 25 30% growth in disbursements this fiscal. As on March 31, 2010 disbursements stood at Rs 900 crore. We are also focusing on reducing NPAs. We are trying to cut gross NPAs to about 1% and net NPAs to 0.5 0.7%. Oxandrolone Uk Gross NPAs were 1.25% and net NPAs stood at 1% as of March end. We are looking to increase our assets under management to Rs 3,400 crore from Rs 2,700 crore as on June 30, 2010.
What changes are you are planning to make PNB Housing Comprar Gh Jintropin more efficient?
I am trying to bring about some core changes Comprar Gh Jintropin in our product policies. We are "buy cheap jintropin online" doing a lot of restructuring with the help of consultants. Our customer service standards "Buy Cheap Jintropin Online" and menu cards are going to be more market aligned.
How many customers do you have under the old reverse mortgage scheme? Have you started offering it even under the new scheme?
Under the old scheme we Testosterone Isocaproate Uses have no customers. As far as the new scheme is concerned, we are deliberating at the new policies of National Housing Bank regarding the entire framework of reverse mortgage.
We want to bring in something which is in sync with market requirements. We are also in the process of making changes to our existing products and the changes will be visible by next July. We will also be offering plain vanilla home loans and segment driven products, based on the type of employment of "Jintropin (Gensci Pharmaceutical Co. Ltd.)" an individual. A doctor behaves differently from a finance professional. So we will be offering products according to individual requirements.
During auction of houses if the borrower is not able to pay off the loan, how much of the recovery amount do you keep? Do customers get good deals under these auctions?
We cannot make a profit from an auction. Whatever is due to the organisation is set off and the rest is given to the customer. We try and do auctions at market rates so that the interest of the customer is never sacrificed.
How many branches you have currently and how do you Trenbolone Australia plan to expand by fiscal end?
We have 30 branches currently. I would like to first consolidate the branches and then expand. When I mean consolidation, I mean bigger branches and more channels and mediums to reach out to focus segments and having more brick and mortar branches. If that happens then we will also go for additional recruitment.