The housing finance company said that FIR for the same has been lodged with the Jurisdictional Police. It will submit the necessary reports to appropriate authorities within the prescribed timelines.
The firm stated that there is no impact on assets or asset quality. However, it expects a one-time impact on the profitability to the extent of the amount misappropriated.
Can Fin Homes is engaged in a housing finance institution approved by National Housing Bank (NHB). The company had a network of 205 offices spread over 21 states and union territories.
Can Fin Homes reported 13% rise in net profit to Rs 183.46 crore on a 14% increase in net interest income to Rs 285.09 crore in Q1 FY24 as compared with Q1 FY23.
