Repco Home Finance is an established housing finance company in South India, with over 23 years of operations, especially in Tier 2 and 3 cities. Focus on niche, small-ticket, non-salaried home loans, generates higher spreads, but has moderate credit quality of assets. Company’s outlook for loan book growth is encouraging for the coming fiscal. Given the rural focus, the recently announce higher allocation under the PMAY, and addition of 2 crore houses under PMAY – Gramin scheme will be beneficial for the company.
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