Sundaram BNP Paribas Home Finance, a
The company has recorded loan disbursements valued at Rs 742.72 crore in 2009-10 as against Rs 531.95 crore in the earlier year.
The loan approvals of the company have also gone up by 52% to Rs. 914.8 crore.
The company has reported a 6% increase in profit before tax valued at Rs. 41.49 crore. The net profit has gone up to Rs. 27.72 crore.
Gross non performing
Srinivas Acharya, MD Sundaram BNP Paribas Home Finance, said ” Despite uncertainties on account of global economic situation, the company has been able to maintain a very strong and healthy loan portfolio. The business outlook for this year looks positive and the company is targeting a disbursement of Rs 1000 crore”.
Its capital adequacy ratio is 18.7% more than the mandatory minimum requirement of 12%.