REPCO Home Finance Ltd. (RHFL) has emerged as one of the most promising players within a short span of time in the housing finance sector. Having created a strong niche for itself in the under-serviced and under-penetrated sections of Tamil Nadu and other Southern states, it has now made forays into the West and East. With a fine mix of salaried and self-employed customers (54%), supported by a strong credit appraisal process, RHFL has wedged itself in a sweet spot of higher yields (NIMs of 4% plus) and superior asset quality. RHFL's low Average Ticket Size (Rs.10.4 lk) and focus on the Tier-II / Tier-III cities, has enabled the company to maintain a low cost incidence (Cost-to-Income Ratio of 17.6). The Owned...