Repco Home Finance's net interest margins (NIMs) have remained on the higher side due to a rise in non-salaried customers while the asset quality has largely remained stable despite demonetisation.
In an interview to CNBC-TV18, R Varadarajan, MD of Repco Home Finance spoke about the latest happenings in his company and the sector.
In the last quarter, there is a substantial decrease in cost of funds by about 50 basis points (bps) but correspondingly in the yield, there is only a reduction of 10 bps that has helped us, he said.
"Going forward also we would like to maintain this spread of more than 3 percent and NIM of more than 4 percent," he added.
We would like maintain loan against property (LAP) at 20, said Varadarajan. He also mentioned that they want to focus on the individual home loans and particularly to the middle and low income segment.Watch accompanying video for more details.