Can Fin Homes Limited has secured regulatory approval from the Reserve Bank of India (RBI) for the re-appointment of its Managing Director & CEO, marking a significant milestone in the company's leadership continuity. The approval, received on January 28, 2026, paves the way for extended leadership tenure at the housing finance company.

RBI Approval Details

The RBI conveyed its permission for the re-appointment of Suresh Srinivasan Iyer (DIN: 10054487) as director on the board of Can Fin Homes Limited through its letter dated January 28, 2026. The approval is granted in terms of para 10 of Reserve Bank of India (Non-Banking Financial Companies - Governance) Directions, 2025.

Board Approval and Timeline

The Board of Directors had initially approved the re-appointment during its meeting held on December 15, 2025. However, this approval was subject to receiving the necessary regulatory clearance from the Reserve Bank of India, which has now been obtained.

The re-appointment will be effective from March 18, 2026, providing continuity in the company's senior leadership for the next two years. Iyer will continue to serve as both Managing Director & CEO and Key Managerial Personnel (KMP) of the company.

Next Steps and Shareholder Approval

Following the RBI approval, Can Fin Homes Limited will now proceed to seek approval from its shareholders for this re-appointment. The company has indicated that necessary intimations regarding the shareholder approval process will be provided within the prescribed timelines as per regulatory requirements.

The company has also uploaded this information on its official website at www.canfinhomes.com , ensuring transparency and accessibility of information for all stakeholders. This development reinforces the company's commitment to maintaining strong governance standards and regulatory compliance in its operations.

Can Fin Homes has reported robust financial performance for Q3FY26, with profit after tax registering a strong 25% year-on-year growth to ₹2.60 billion, which was in line with analyst expectations. The housing finance company demonstrated solid operational momentum across key financial metrics during the quarter.

Financial Performance Highlights

The company's core earnings showed healthy expansion with net interest income growing 22% YoY to ₹4.20 billion, meeting market estimates. Fee and other income witnessed significant improvement, rising to ₹97.00 million compared to ₹58.00 million in the previous year, reflecting enhanced business activity and diversified revenue streams.

Cost Management and Operational Metrics

Operating expenses increased 35% year-on-year to ₹799.00 million, which was aligned with analyst projections. The cost-income ratio stood at 18.50% for the quarter, showing a marginal improvement from the previous quarter's 18.60% but higher than the previous year's 16.90%. The company made additional provisions of ₹4.70 million for gratuity following new labor law requirements.

Analyst Outlook and Valuation

Motilal Oswal has reiterated its neutral rating on Can Fin Homes with a target price of ₹1,015, based on 1.8x December 2027 estimated price-to-book value. The brokerage projects a compound annual growth rate of 14% for advances and 10% for profit after tax over the FY26-28 period.

The stock currently trades at 1.8x FY27 estimated price-to-book ratio. The analyst expects the company to maintain steady growth trajectory with return on assets of approximately 2.20% and return on equity of around 17% by FY28, indicating sustainable profitability and efficient capital utilization in the housing finance segment.