| We are the fifth largest HFC in India by loan portfolio as of September 30, 2015 with the second largest amount of deposits in an HFC in India as of March 31, 2015, according to the IMaCS Report. Our parent and Promoter is Punjab National Bank (“PNB”), one of the largest nationalised banks in India. Over the previous five years, we have implemented a business process transformation and re-engineering (“BPR”) program, which has contributed to us becoming the fastest growing HFC among the leading HFCs in India as of March 31, 2015, according to the IMaCS Report. Our loan portfolio grew at a CAGR of 61.76% from ?39,696.63 million as of March 31, 2012 to ? 271,772.68 million as of March 31, 2016.As of June 30, 2016, our loan portfolio had further increased to ? 309,006.44 million. We offer our customers “housing loans” for the purchase, construction,
extension or improvement of residential properties or for the purchase of residential plots, and “non-housing loans” in the form of loans against property (“LAP”) to property-owning customers through mortgages over their existing property and any additional security, if required; non-residential premises loans (“NRPL”) for the purchase or construction of non-residential premises; lease rental discounting (“LRD”) loans offered against rental receipts derived from lease contracts with commercial tenants; and corporate term loans (“CTL”), which are general purpose loans to developers and/or corporates for purposes of on-going projects or business needs. Our target customers for our housing loans are salaried customers, whose main source of income is salary from their employment, and self-employed customers, whose main source of income is their profession or their business. We also offer housing loans in the form of construction finance loans to real estate developers of residential housing. As of June 30, 2016, our housing loans constituted 70.31% of our total loan portfolio and our retail housing loans constituted 86.52% of our total housing loan portfolio. The average loan size (at origination) of our retail housing loans as of June 30, 2016 was ?3.18 million, with a weighted average loan-to-value ratio (“LTV ratio”)(at origination) of 66.10%. As of June 30, 2016, our non-housing loans constituted 29.69% of our total loan portfolio and our retail non-housing loans accounted for 78.27% of our total non-housing loan portfolio. The average loan size (at origination) of our retail non-housing loans as of June 30, 2016 was ? 5.68 million, with an weighted average LTV ratio (at origination) of 46.49%. |
