Repco Home Finance Ltd

Repco Home Finance's standalone profit rose 15.3 per cent year-on-year (Y-o-Y) to Rs 113 crore in Q2FY25, from Rs 98 crore in the same quarter a year ago (Q2FY24)

The fall came after the company announced that K Lakshmi tendered her resignation as chief financial officer (CFO)

CARE Ratings expects collections and asset quality for HFCs to improve in the second half as the economy improves

The RBI, on Wednesday, came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs

Reports suggest that Aditya Birla Sun Life MF has increased its stake in the company from 4.86 per cent to 6.14 per cent

The FIR had been lodged against MD R Varadarajan, and other top execs of Repco Bank in relation to preclosure charges/penalty for loan accounts of a firm named Durga Agencies

Repco Home Finance Ltd has said that the Central Bureau of Investigation (CBI) has closed a First Information Report (FIR) registered against the finance company's managing director R Varadarajan and three others has been closed as "Mistake of Fact".In a statement issued today, the company said that the CBI has submitted its report to the Court, requesting the Court to pass orders for closure of the FIR under mistake of fact as allegatons in FIR are not substantiated. The Court has accepted the request, it said.The FIR was against Varadarajan, V Raghu, then executive director, K S Kannan, then chief manager and P Sekhar, then deputy general manager, Repco Bank, related to preclosure charges/penalty for the loan accounts of a firm named Durga Agencies. The FIR was registered on October, 2016 and sources from the company during then said that the issue was related to a Rs 60 million loan taken by Coimbatore-based Divya Agency, which has closed the loan in advance, said sources. While ...