Reliance Cap's consumer fin div disburses loans of Rs 5,000-cr

MUMBAI: Reliance Capital's Consumer Finance Division's disbursements have crossed the Rs 5,000-crore mark, a top company official said.

"We have already disbursed Rs 5,000 crore. Market share is not our major consideration. We are emphasising on quality portfolio," Reliance Consumer Finance Deputy Chief Executive Officer K V Srinivasan said on the sidelines of a press conference here today.

Reliance Consumer, which commenced commercial operations in May 2007, had disbursed loans of over Rs 3,000 crore within the six months of operations.

"Our personal loan portfolio is limited to one-fifth of total portfolio," Srinivasan said.

Asked on market share following its late entry in home loan segment, Srinivasan said, "We are in the home loan business for 8-9 months only and market share is not our major consideration."

Reliance Consumer ranks among the top 3 private sector financial services groups in terms of net worth.

Source : http://economictimes.indiatimes.com/