"We are specifically looking at a $200-million package from the International Finance Corporation," says HDFC managing director Keki M. Mistry.

The housing finance company also expects to close the year with a 30-per cent growth in loan approvals and disbursals. Last year, its approvals stood at Rs 11,732 crore and disbursements at Rs 9,957 crore.

For the year ended March 2003, as much as 39 per cent of the company's borrowings were on account of deposits. About 18 per cent was from bonds, 9 per cent from global markets and 34 per cent from domestic term loans.

Around 71 per cent of the loans provided by HDFC had gone to individuals, while 28 per cent was directed to the corporate sector, especially employees of companies.

Mistry says HDFC is open to the idea of buying portfolios of other housing finance outfits. "We are on the lookout. The idea is to pick up quality assets." The company's non-performing loans are at a low 0.9 percentage point of assets.