Gruh Finance–Update:

• Subsidary of HDFC Ltd.
• Gruh Finance extends loan to families of self employed category, where formal income proof are not available and their repayment capacity is based on cash flow.
• Gruh has financed 3.60 Lakh housing units, for a cumulative loan value of Rs.21942 Crores.
• That means the average loan per unit is Rs.6.30 Lakhs
• 50% loan in rural areas.
• Gross NPA is 0.54%. Net NPA is NIL!