Can Fin stock: Benefits of RERA, subsidy scheme should help credit growth

Benefits of RERA, interest subsidy scheme should help credit growth

The Homes (CFH) stock took a hit following Canara Bank’s decision to call off a divestment process of its entire stake in the housing finance arm.

As a part of its plans to sell non-core assets to improve the balance sheet, Canara Bank had decided to sell its entire 30.4 per cent stake in CFH, which buoyed investor sentiment despite the latter’s tepid performance, in terms of credit growth, during the December 2017 quarter (Q3).

“Amid such a scenario (Q3 performance), Canara Bank’s decision to sell its entire stake had kept CFH’s stock price higher. Some established private companies were believed