The RBI said six of 11 applicants were not suitable for permits of small finance bank and universal bank licences.
The Chennai-based Repco Home Finance operates 106 branches and has 36 satellite centres across the country.
Repco Home Finance, the housing finance arm of state-run Repco Bank, is going to list its shares on exchanges on Monday April 01, 2013.
Anand Rathi Retail Research has come out with its report on Repco Home Finance IPO issue. According to the research firm, one can subscribe to the issue with an investment view of 15-18 months.
Ajcon Global has come out with its report on Repco Home Finance (RHFL) IPO. According to the research firm, at the upper band of the issue price, the company is valued at 2.36x – Book Value /share at upper end of the price band. One can subscribe to this issue, says Ajcon Global.
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?