Business

Repco Home Finance Q2 net jumps 51%

Repco Home Finance Ltd., promoted by Repco Bank, posted a 51% increase in standalone net profit for the quarter ended September 2019 to ₹100.6 crore.

Operating income grew 14% to ₹331.69 crore and net interest income by 4.3% to ₹123.7 crore. Net interest margin was at 4.3%.

Overall loan book rose 11% to ₹11,495.9 crore. Gross non-performing assets rose to 4.2% from 3.6% from year earlier. The bank made provisions of ₹162.5 crore on total loan assets. “[There was] robust expansion in profitability even amid growing concerns of slowing consumption, risk aversion and dampened consumer sentiment,” said Yashpal Gupta, MD & CEO, Repco Home Finance.

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Printable version | Jul 11, 2020 8:16:15 AM | https://www.thehindu.com/business/repco-home-finance-q2-net-jumps-51/article29965609.ece

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