Housing And Urban · tone and specificity signals across the available quarters.
Language signals
HUDCO will remain there as a lender for Bihar government. On these lines we have signed the auction this MoU but at the same time if you see the journey of last 55 years starting from the consultancy to training to lending I think we are the best bet for the state government.
We have changed our strategy and we are continuously working with the promoters the NPA developers to understand their point of view and how to resolve these accounts understanding their capacity and the capability to resolve these attacks and because of that we are nearing zero net NPA but we are trying hard to resolve all these assets.
It is better to take five years kind of thing for these large projects because land acquisitions the social issues or political issues so lot of things are there so the arithmetic here fails that it will be done by 2029 but I'm sure once the project starts there maybe here and there but finally generally these large projects are completed within five years.
We are continue to grow around 25% in our loan book at the same time we are reducing our cost of funds and diversifying.
Our net NPA is just close to zero it is around 0.06%.
We had made a slight change in our policy that first we need to identify the project and after identification only we will be going for the signing.