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IDBI Capital Report
Repco Home Finance Ltd.’s loan growth was lower at 5% YoY (6% YoY Q1 FY21) versus 7% YoY (FY20) led by higher balance transfers by banks as well as lower disbursements (down 33% YoY).
Asset quality remains stable on a sequential basis with gross non-performing assets at 3.95% versus 4.0%.
Net interest income grew by 13% YoY (up 9% QoQ) led by improvement in net interest margins; pre-provision operating profit grew by 13% YoY led by improvement in cost to income ratio.
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