Port Wings News Network:
The Chennai based Repco Home Finance Ltd., (RHFL) inaugurated its Satellite Centre in Sri City on 24 August 2018. In a ceremony held at the Trade Centre, Mr. T.S. Krishna Murthy, Chairman, RHFL and former Chief Election Commissioner inaugurated it in the presence of Mr. R. Varadarajan, Managing Director, Mr. C. Ramesh Kumar, Vice President (Customer Relations), Sri City and a host of senior officials of RHFL.
Addressing the gathering Mr. Krishna Murthy said, “At the outset I would like to thank Mr. Ravindra Sannareddy for responding positively to our proposal and providing the convenient office space for starting operations. We hope, employees of Sri City units and the public in and around Sri City will make use of our services in realising the dream of owning a house.”
Mr. Ravindra Sannareddy, Founder Managing Director, Sri City in a message welcomed Repco and stated, “Its entry is at a right time as we are focusing on social infrastructure and roping in developers to construct houses of different categories. Their presence in Sri City will certainly be an added advantage to the people who aspire to own a house here.”
Summarising the growth of the company Mr. Varadarajan said, “We are stepping into Sri City with a sterling intention of taking the business to the door steps of the public.” He mentioned that REPCO has several loan schemes offering customer friendly interest rates starting from just 8.75% p.a.
Repco Home Finance Ltd (RHFL), operating through 141 branches and 23 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry, taps the growth potential in the housing finance market and offers individual loans and loans against properties. RHFL has been accomplishing desired results in its every step and it profit for first quarter of the current financial year is 60.9 Cr. The total income grew 4.7% and Net interest income grew 8%. The growth of loans sanctioned was 22%, and the Loan Book as on 30th June 2018 stood at Rs.10, 074.5 Cr.