HUDCO is targeting AUM of over ₹1.5 lakh crore by FY26 from a little over ₹84,000 crore now

https://youtu.be/PXprNvOfiYU?si=fCg-McGpwFBn5ubC 

  • HUDCO is targeting AUM of over ₹1.5 lakh crore by FY26 from a little over ₹84,000 crore now
  • Housing and Urban Development Corporation (HUDCO) is targeting assets under management (AUM) of over ₹1.5 lakh crore by financial year 2026 (FY26) from a little over ₹84,000 crore now.
  • The state-run company provides financial assistance for housing and urban infrastructure development projects.
  • Sanjay Kulshrestha, the Chairman and Managing Director said the long term target is to reach an AUM of ₹5 lakh crore by 2030 keeping in mind the infrastructure and housing developments plans of the state government.

  • He expects the net interest margin (NIM) to remain in the range of 3.0-3.5% and spreads to be between 1.75%-2%.
  • Kulshrestha said the company is working on three aspects: reducing the cost of funds, resolving stress assets, and expanding the diversified loan assets.

  • He sees a lot of opportunities for growth following the announcements in the housing and infrastructure spaces in Budget 2024. HUDCO, he said, is working closely with the government to fund some of these infra plans
  • In her interim Budget speech on February 1, Finance Minister Nirmala Sitharaman promised two crore new houses over the next five years under the PM Gramin Awas Yojana. The FM also said that the government will launch a new housing scheme for India's middle-class population.

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