Housing loan finance company Repco Home Finance expects to manage assets under management (AUM) of around Rs 14,000 crore by the current financial year, a top official said. The Tamil Nadu-based company was managing AUM of around Rs 12,400 crore at the beginning of the year, Managing Director and CEO K Swaminathan said. "As regards AUM, I think we were around Rs 12,400 crore in the beginning of the year. We plan to reach somewhere around Rs 14,000 crore by the current year-end. That is our plan of action. When the momentum happens, especially the second and third quarters are normally the peak quarters for the company," Swaminathan said at the Q1 FY24 earnings conference call recently. During the second and third quarters, Swaminathan said, "I expect the book growth will also be more than the 9 per cent growth that we did in the first quarter." "Definitely, I think we will be able to reach the number of around Rs 14,000 crore. That is our plan of action for the year-end" he ...
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