Brijesh Parnami, CEO - Distribution at Destimoney Enterprises Private Limited
Feb. 27, 2013
Destimoney Enterprises, one of India’s leading mortgage solution providers, is working towards achieving a business of around INR 400 crores in the fourth quarter of the present fiscal year. Destimoney achieved a target of INR 345 crores in the third quarter. The fourth quarter sales are expected to rise as RBI's policy is definitely a key to boosting real estate market sentiment and is sending out positive signals to global investors. Destimoney CEO, Distribution, Mr. Brijesh Parnami
said “Borrowers would see better days ahead as banks are cutting lending rates following the RBI's decision to cut short term lending rate as well as unlock INR 18,000 crore by slashing cash reserve ratio (CRR) by 0.25 per cent.” Destimony plans to achieve 12-14% of its target of loan disbursal from low housing price below INR 25 Lacs and achieve the remainder from loans above INR 25 lacs.Mr. Brijesh Parnami
further added, “The statements are coming from leading bankers that they will pass on the benefit of Reserve Bank of India reducing its short-term lending rate and CRR to customers. This states that borrowers can now look forward to their EMIs coming down soon. We feel that there is room for monetary transmission which in turn would trigger growth prospects for Destimoney Enterprises across India.”
Destimoney Enterprises plans to focus on enhancing Loan against Property and Business Transactions towards achieving Q4 budgets. The company has a PAN India presence with North being the best performing region in the last quarter. The company achieved 40% of its business in the last quarter from Delhi and 25 % from Mumbai region. The company plans to expand its business in the last quarter to regions like Indore, Bhopal, Raipur & Nagpur to reach a wider population for providing mortgage solutions. An appropriate interest rate environment generated further to RBI’s policy would intend to support the growth of Destimoney Enterprises throughout India.About Destimoney:
Destimoney is a consulting and advisory firm in Housing Finance. They are one of India's largest mortgage solutions providers and provide professional mortgage advice to those seeking loans. Equally important, Destimoney helps to choose the best loan provider from the leading mortgage financiers. They are one of the largest mortgage solutions providers with pan India presence in all major cities of India. Destimoney has a renowned pedigree of their shareholder group, robust IT infrastructure, dependable risk management process, strong compliance, prompt customer support and research-based investment support.