"For next year we are expecting growth of about 25 percent", R Varadarajan, MD of Repco Home Finance told CNBC-TV18.
Repco's average cost of funds currently stants at 9.2 percent, says Varadarajan. He adds that its loan book is also increasing in size, with over 70 percent of its book falling under the affordable housing category.
"Based on a reliable information CBI, Anti-corruption branch, Chennai registered a case of conspiracy, cheating and corruption against Managing Director of Repco Housing Finance Ltd (RFHL)," an official release said.
The Chennai-based Repco Home Finance operates 106 branches and has 36 satellite centres across the country.
R Varadarajan, MD, Repco Home Finance sees 25-30 percent growth in disbursements for balance of FY15 as well as NIM to remain stable at 4.5 percent.
"The original limit was 24 percent and our annual general meeting (AGM) has increased to 49 percent. Our Reserve Bank of India (RBI) has also has notified that FII limit can be up to 49 percent," R Varadarajan, MD, Repco Home Finance said.
R Varadarajan, MD, Repco Home Finance in an interview to CNBC-TV18 said the anchor book which was opened yesterday has been fully subscribed at the upper band of Rs 172 per share.
Repco HomeFin, the housing finance arm of state-run Repco Bank, today said it will divest a little over 25 per cent of its stake through a public issue and hopes to raise around Rs 270 crore.
Chennai-based Repco Home Finance is going for a public issue to raise Rs 270 crore. The little known entity is perceived to be a well known brand in the peninsular India. It enjoys a healthy capital adequacy ratio of 16.50% as on September 30, 2012 compared with the mandated 12%. What is driving the need to raise further capital?