Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

TCHFL Reaches Rs. 10,000 Crore Mark In Home Loans Services To Its Customers


Helping the customers with their home loans the company of TCHFL acquires its landmark portfolio.

Dailycsr.com – 23 September 2015 – The subsidiary of Tata Capital, the “Tata Capital Housing Finance”, that is “wholly owned” by the former made an announcement, whereby it revealed that the portfolio of the company touched a total “landmark figure” which amounted to “Rs10,000 crore”.
Consequently, the company of Tata Capital Housing Finance has acquired the sixth place among the top “housing finance companies in the country”. Within a year’s time, the company witnessed a growth of forty percent. keeping a steady performance role, from the year of 2010, since it was inaugurated, the company sanctioned total house loans of “Rs4,563 crore last fiscal”. Encouraged by its present performance pattern, the company has “ambitious plans” up its sleeves, whereby it would be executing a three years plan for growing “even faster over the next five years”.
Tata Capital’s Retail Business and Housing Finance’s chief operating-officer, Govind Sankaranarayanan stated:
“Tata Capital Housing Finance is an integral element of Tata Capital’s wide portfolio of retail offerings that cover a consumer’s housing, transport, small business and investment needs. Having crossed this milestone of Rs10,000 crore, we are now poised to enable many more customers to achieve their dream of home ownership, especially those in the affordable and mid segments of the market.”
While the managing director of TCHFL, R Vaithianathan commented on the “milestone achievement”:
“We are very excited to achieve this milestone of Rs10,000 crore and to be one of the fastest growing housing finance companies in the country. We would like to thank all our valued customers for their patronage. Recognising the large potential for housing finance in a fast developing country like India, we will be focusing on growing our reach in the next few years”
Affordable housing to its customers has been recognised as “a high growth area”, whereby the company plans on focusing on the said area in the near future. In fact, TCHFL will also be “developing innovative products” which will include home loans designed for the urban costumers who have a “low-income” scheme in “unorganised sectors”.