Hudco aims for zero non-performing assets in 18 months

Hudco, which stands for Housing and Urban Development Corporation, aims to become a company with zero non-performing assets (NPA) within the next 18 months. The Chairman and Managing Director (CMD) shared this goal and expressed confidence in achieving it. Non-performing assets are loans that borrowers are unable to repay. Lowering NPAs is crucial for improving a company’s financial health. Hudco has been working on strategies to reduce these assets and strengthen its balance sheet. This announcement comes as part of Hudco's commitment to support housing and urban development in India. The CMD believes that reaching zero NPAs will enable the organization to focus more on its core mission and serve its customers better. The CMD did not provide specific details on the steps being taken to achieve this target, but he emphasized the importance of financial discipline. Hudco’s progress will be closely watched by investors and stakeholders in the coming months.