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Hudco looks to revive retail home finance portfolio

Hudco looks to revive retail home finance portfolio

Finance
NEW DELHI: State-owned Housing and Urban Development Corporation (Hudco) looks to revive its retail financing segment and will seek its board's approval for a roll-out plan next week.Hudco launched its retail finance window in 1998 and it now plans to expand the portfolio across the country, a senior official of the housing finance company said."Out retail finance portfolio Hudco Niwas has not been picking up in a big way as was expected. We are now going for the revival plan for Hudco Niwas."We are going to put up the matter with the board on July 11 where our roll-out plan will be presented to the board," Hudco Director Corporate Planning Nand Lal Manjoka told PTI.Retail financing will be done on a pilot basis first and if successful, it will be expanded across India, Manjoka said.Manjok...