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Can Fin Homes Q4 Net profit rises 26% YoY
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    Can Fin Homes Q4 Net profit rises 26% YoY
    Can Fin Homes Q4 Net profit rises 26% YoY

    (20 second reading) Can Fin Homes, a subsidiary of Canara Bank, reported a 26% rise in net profit for Q4 at Rs 209 crore against Rs 166 crore in the year ago period. Its interest income was 21% higher at Rs 912 crore. The lender has a comfortable asset quality with its gross NPA ratio being reported at 0.82%.

    The mortgage lender, in which Canara Bank holds a 30% stake, proposed a final dividend of Rs 4 per equity share of the face value of Rs.2 each. The board of the company has also approved raising up to Rs 2100 crore by selling non-convertible debentures.

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