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Godrej Housing Finance seeks conservative growth

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Godrej Housing Finance will focus on acquiring 1,000 customers by March to test the sustainability of its systems and processes, said Chief Executive Officer Manish Shah.“One way to get it wrong is to bite more than you can chew," Shah said in a phone interview. “Our primary goal is to understand do we have an engine that knows how to onboard customers well, that serves them well."Also Read | Dark underbelly of India Inc’s shop floorsThe firm, which launched its mortgage lending business last month, is open to buying assets from other shadow lenders and banks in the fiscal year starting in April, he said.Godrej is entering an industry that was weakened by a credit crunch and slowing loan growth even before the pandemic took hold.

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