Repco Home Finance expects Q1FY22 collection efficiency at 90%

Repco Home Finance expects collection efficiency at 90 percent in the first quarter of the current fiscal, Yashpal Gupta, MD & CEO, told CNBC-TV18.

Registered as a housing finance company with the National Housing Bank (NHB), Repco Home reported weak earnings for the March-ended quarter on most parameters except on the gross non-performing asset (NPA) front. The company clocked in positive annual disbursals after eight quarters. However, loan book growth continues to be at an all-time low.

“There has been an impact in April-May and therefore, we are looking at a collection efficiency, still 2-3 days left as customers pay on the last day, but as of now collection efficiency is close to 90 percent,” Gupta said.