Religare Housing Finance Aims 2,000 Cr Loan Book

Religare Housing Development Finance Corporation (RHDFC), which caters to the unbanked customers in urban and semi-urban markets, expects to raise its loan book to Rs 2,000 crore in the three years. "We work in the affordable housing segment, catering to the low-income and informal segment, the segments which are not bankable and don''t get loans from banks. So, there is a market to provide loans and home loans to these segments," RHDFC Chief Executive Officer Rahul Mehrotra said. He added that the company carries a net worth of around Rs 200 crore. "We have disbursed close to Rs 1,600 crore with a peak book of up to Rs 1,020 crore, since the start of active business in 2013-14, and we are looking at creating a book size of close to around Rs 2,000 crore in the next three years," Mehrotra said. RHDFC is servicing about 6,000 customers currently, he said, adding that the average ticket size ranges