{"id":563,"date":"2018-05-04T13:56:29","date_gmt":"2018-05-04T13:56:29","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=563"},"modified":"2018-05-04T14:06:38","modified_gmt":"2018-05-04T14:06:38","slug":"reliance-home-finance-eyes-50000-crore-aum","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/reliance-home-finance-eyes-50000-crore-aum\/","title":{"rendered":"Reliance Home Finance eyes Rs 50000 crore AUM in 2-3 yrs"},"content":{"rendered":"

Reliance Home Finance Ltd<\/a>. (RHFL), a subsidiary of Reliance Capital Ltd., is eyeing a three-fold\u00a0increase in assets under management (AUM) on the back of its strong focus on home loans and\u00a0affordable housing segments.<\/p>\n

The company expects its AUM to touch the Rs 50,000-crore mark\u00a0within two to three years time. The company also expects to expand the pie of affordable\u00a0housing and home loans, which currently comprises 51 per cent of its total loan book, to 55 per\u00a0cent.<\/p>\n

Strong affordable housing segment, lower-income group and strong operational efficiencies to\u00a0maintain its asset quality has resulted in RHFL witnessing a better-than- industry growth and a\u00a0huge increase in both profitability and AUM for the year ended March 31, 2018.<\/p>\n

Annual financial results for the year ended March 31, 2018<\/h3>\n

RHFL, in its annual financial results for the year ended March 31, 2018, announced an
\nimpressive 47 per cent increase in assets under management (AUM), which stood at Rs. 16,379\u00a0crore for the period.<\/p>\n

The company also saw a whopping 97 per cent increase in its profits \u2013\u00a0its\u00a0profit before tax (PBT) skyrocketed to Rs. 272 crore in the period from Rs 138 crore reported on\u00a0March 31, 2017.<\/p>\n

RHFL follows a practice of having stringent asset quality checks such as catering to customers\u00a0with a veritable credit history and a lending tab of Rs 7.5 lacs and above for Category B & C\u00a0cities and Rs. 10 lacs and above for Category A cities. For loan against property (LAP), it has an\u00a0average lending quantum of Rs. 70 lakhs.<\/p>\n

\nFocus on the affordable housing\u00a0segment<\/h4>\n

\u201cOur strategy to grow the business cautiously by having a strict check on the asset quality is\u00a0driving our AUM growth and bottomline. We will continue to focus on the affordable housing\u00a0segment, but keeping certain parameters in mind to ensure no compromise on quality of\u00a0assets, says Mr. Ravindra Sudhalkar, CEO, Reliance Home Finance.<\/p>\n

The company\u2019s focus to contain NPAs and maintain the quality of assets through has shown\u00a0result. It has been maintaining a NPA ratio of 0.8% since the third quarter of the financial year\u00a02017-18, lower than the NPA ratio of 1% in FY17.<\/p>\n

RHF has digitalized various arenas in its loan processing — from sourcing to collections-\u00a0\u00a0which\u00a0has helped in minimizing costs as well. It has been expanding its low-cost branch network to\u00a0garner to the needs of low income groups. The company\u2019s network expanded to 54 cities in\u00a0FY18, catering to 125 locations, with over 45,000 client accounts.<\/p>\n

All these factors have helped the RHFL to lower the cost-to- income ratio to 38% in FY18 from\u00a055% in FY17.<\/p>\n

Earlier in a report, Chola Securities<\/a> had said that RHFL has managed to create a niche for itself\u00a0by concentrating on higher yielding segments like the self-employed, low-income groups and\u00a0the fast -growing affordable housing segment.<\/p>\n

Chola not only had predicted a strong growth\u00a0ahead for the company but also had assigned a \u2018BUY\u2019 rating for the RHFL stock, with a 12-month\u00a0target price of Rs 91.<\/p>\n

 <\/p>\n

Also read:\u00a0Anmol Ambani enters boards of Reliance Nippon Life AMC, Reliance Home Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reliance Home Finance Ltd. (RHFL), a subsidiary of Reliance Capital Ltd., is eyeing a three-fold\u00a0increase in assets under management (AUM) on the back of its strong focus on home loans and\u00a0affordable housing segments. The company expects its AUM to touch the Rs 50,000-crore mark\u00a0within two to three years time. The company also expects to expand […]<\/p>\n","protected":false},"author":3,"featured_media":564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,31],"tags":[63,65,64],"class_list":["post-563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-news","tag-chola-securities","tag-reliance-capital-ltd","tag-reliance-home-finance-ltd"],"aioseo_notices":[],"yoast_head":"\nReliance Home Finance eyes Rs 50000 crore AUM in 2-3 years<\/title>\n<meta name=\"description\" content=\"Reliance Home Finance Ltd. 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