IDBI Capital: Repco Home Finance Q2 Review - Asset Quality Stable; 4-5% Book Hasn’t Paid Single EMI
A customer counts Indian rupee banknotes.  (Photographer Dhiraj Singh/Bloomberg)

IDBI Capital: Repco Home Finance Q2 Review - Asset Quality Stable; 4-5% Book Hasn’t Paid Single EMI

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

IDBI Capital Repco Home Finance Q2FY21 Result Update.pdf

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