Dewan Housing sets 3% margin target –

Kapil Wadhawan, MD, Dewan Housing Finance Corporation, says the company is confident of maintaining a margin of 3%.

“We will be maintaining 3% margin and the current Net Interest Income (NII) for the first quarter is also at about 3%. We quite hopeful that for the year, we would be in a position to maintain similar margins,” he said. “I think traction is coming from the Tier 2 and Tier 3 locations. Currently, we are present in 180 locations,” he said.