VIJAYAWADA, ANDHRA PRADESH, 24/12/2013.
Executive Director of Repco Bank Okay. Rajendran (centre) addressing a press convention in Vijayawada. PHOTO: V_RAJU.
| Photo Credit: RAJU V
Repco Home Finance Ltd. (RHFL) standalone net revenue for the September quarter rose 38% over the yr precedent days to ₹98 crore due to improve in curiosity revenue and enchancment in asset high quality.
Revenue from operations grew to ₹380 crore from ₹314 crore. Net curiosity revenue stood at ₹173 crore (₹145 crore). Net curiosity margin rose to 5.4% from 4.9%, the lender mentioned in a regulatory submitting.
Loans sanctions elevated to ₹860 crore from ₹830 crore, of which mortgage disbursements had been ₹797 crore in opposition to ₹746 crore.
The gross non-performing property (GNPA) ratio declined to 4.9% from 6.5% and net NPA ratio to 2.2% from 3.8%, respectively.
The provision protection ratio rose to 57.4% from 43.1%. The capital adequacy ratio stood at 35.8% (34%).
The general mortgage e book stood at ₹12,922 crore. Loans to the non-salaried phase accounted for 51%. Housing loans accounted for 76.2% of the loans whereas dwelling fairness merchandise accounted for the stability. 100% of the loans given by the lender are retail loans.
