New Delhi, Sept 07: After acquiring Vysya Bank's housing arm, Dewan Housing Finance Corporation now aims at Rs 340 crore of business this fiscal, which would be a growth of 100 per cent. The merged entity, DHFL Vysya Housing Finance (DVHFL), has also reduced interest rates on house loans to 8.70 from 9.25 for five years maturity period.
"The company is now poised for fast-track expansion and aiming at 100 per cent growth in this fiscal," DVHFL managing director R Nambirajan said.

The company has a housing loan portfolio of Rs 170 crore and posted a net profit of Rs 4.71 crore last fiscal.
Dewan, having an asset base of 1,045 crore, acquired 92.4 per cent stake in Vysya Bank Housing Finance.
The merged company would soon be named Dewan Vysya Housing Finance for which approval from national housing bank, registrar of companies and shareholders has been obtained already. Bureau Report