Can Fin Homes- 1QFY19 Result Update- CFL Pivots In Display Of Flexibility
Nirmal Bang Institutional
Can Fin Homes (CFL) has reported its 1QFY19 results with the key strategic pointers being: (1) CFL is displaying a nimbleness with an intention to transform itself: (a) It has increased focus builder loan segment in search of growth and yield (b) It has opened branches (i) outside South India in search of growth and (ii) in Tier 2 centres away from Bank competition (b) Increased incremental lending to SENP segment where Bank competition is lower. (2) There has been spread compression but loan re-pricing still lies ahead. (3) Asset quality has worsened somewhat but (a) issues are still contained when considered as a proportion of loan book (b) dynamic recovery efforts are underway with nil loss given default experience. (See...