abhishreshthaa
Abhijeet S
VI HOUSING FINANCE LTD
VHFL is a HOUSING SUBSIDIARY promoted by the Bank in 1995 having 10 branches with an objective of extending long term finance to individuals, line of credit to corporate bodies, short term loan to developers and need based long term finance to co-operative societies etc.
The performance of VHFL during 2003-04 has been satisfactory, inspite of keen competition. The loan sanctions and disbursements of VHFL during the year were Rs.40.30 crore and Rs.34.06 crore respectively. The cumulative sanctions and disbursements amounted to Rs.284.11 crore and Rs.264.46 crore respectively.
As at March 2004, the total deposits of VHFL amounted to Rs.19.51 crore. The profit before tax for the year 2003-04 grew by 17.34% to Rs.382.04 lakh from 325.58 lakh in 20020-03. The capital adequacy ration stood at 20.76% as at March 2004 and is well above the stipulated norm of 12%.
VHFL is a HOUSING SUBSIDIARY promoted by the Bank in 1995 having 10 branches with an objective of extending long term finance to individuals, line of credit to corporate bodies, short term loan to developers and need based long term finance to co-operative societies etc.
The performance of VHFL during 2003-04 has been satisfactory, inspite of keen competition. The loan sanctions and disbursements of VHFL during the year were Rs.40.30 crore and Rs.34.06 crore respectively. The cumulative sanctions and disbursements amounted to Rs.284.11 crore and Rs.264.46 crore respectively.
As at March 2004, the total deposits of VHFL amounted to Rs.19.51 crore. The profit before tax for the year 2003-04 grew by 17.34% to Rs.382.04 lakh from 325.58 lakh in 20020-03. The capital adequacy ration stood at 20.76% as at March 2004 and is well above the stipulated norm of 12%.