REPCO HOME FINANCE LIMITED
(This is a Housing Finance Company Licensed & Regulated by NHB) RHFL, a housing finance company promoted by Repco Bank has recorded a business growth of 26.41% with net profit standing at 80 Crore after general and tax provisions as on 31.03.2013. Return on Capital employed stood at 17.42% which is one of the highest among Housing Finance Companies in the country. RHFL reached a business level of 3544.75 Crore. It has expanded its operations through 73 branches and 19 SAT centers. RHFL has declared a dividend of 11%, maintaining continuous dividend record since inception. During the current fiscal, RHFL has come out with Initial Public Offering (IPO) for a fresh issue of 1,57,20,262 Equity Shares with a face value of 10 each at a price band of 165 to 172. The issue was oversubscribed 1.62 times and 274 crore was mobilized at a face value of 172 each.
REPCO MICRO FINANCE LIMITED
(Formerly REPCO MSME DEVELOPMENT & FINANCE LIMITED) In order to give focused and specialised attention for Micro Finance and SME Development, a separate company was promoted by us. Repco Bank has contributed 26.80 Crore towards equity capital of the Company. The Company obtained Certificate of Registration from Reserve Bank of India to carry on the business of non banking financial institution without accepting public deposits. The company has a loan portfolio of 335.54 Crore and earned a net profit (after Tax) of 12.56 crore for the year ending 31.03.2016.The number of branches as on 31.03.2016 was 65.
Repco Foundation for Micro Credit (RFMC), an NGO promoted by Repco Bank was registered, under Companies Act 2013 (Section 8). It is a nonprofit entity formed for extending supporting services to SHGs financed by the Bank/MSME solely with a view to increase the income level and eventually to reduce poverty and for empowering poor women and men. The company has made encouraging progress in this field. The coverage has been enlarged to more than 29257 Groups as on 31.03.2016. The total combined loan book size of Repco MSME and Repco Foundation stands at 34815 Lakh as on 31.03.2016. The recovery stands at 97.62%. Repco Foundation for Micro Credit, promoted by the Bank, has done an appreciable job in promoting quality of human life in rural areas mainly through women empowerment and inclusive credit operations.