Repco Home Finance allots Rs.75 crore commercial papers at 7.75%

1 min read     Updated on 24 Jun 2026, 02:20 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Repco Home Finance allotted unlisted Commercial Papers aggregating to Rs.75 crore on June 23, 2026, with a coupon rate of 7.75%. The papers, rated ICRA A1+, were placed with Kotak Mahindra Bank and are redeemable on September 21, 2026.

powered bylight_fuzz_icon
43769867

*this image is generated using AI for illustrative purposes only.

Repco Home Finance allotted unlisted Commercial Papers aggregating to Rs.75 crore on June 23, 2026, securing short-term funding at a coupon rate of 7.75%. The issuance was placed with Kotak Mahindra Bank, carrying an ICRA A1+ rating, and is set for redemption on September 21, 2026. The Federal Bank Limited acted as the issuing and paying agent for the transaction.

The allotment comprised 1500 units with a face value of Rs.5,00,000 each. The Commercial Papers (CPs) are unlisted and carry no special rights, interests, or privileges attached to them. The ISIN for the instrument is INE612J14596.

Details of Allotment

Description of the Instrument Commercial Papers
Listed/Unlisted Unlisted
ISIN INE612J14596
Issue Size Rs.75 Crore
No of units of CPs 1500
Face value Rs.5,00,000
Coupon rate 7.75%
Name of Investor Kotak Mahindra Bank Limited
Date of Allotment 23-06-2026
Date of Redemption 21-09-2026
Name of Issuing and Paying Agent The Federal Bank Limited
Rating ICRA A1+
Special right/interest/privileges attached No special rights attached to CPs

Historical Stock Returns for Repco Home Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-0.42%+0.04%+0.82%-0.42%-6.99%+4.82%

Will Repco Home Finance utilize this short-term funding to expand its loan book or manage existing liabilities?

How does the 7.75% coupon rate compare to current market benchmarks for similar-rated unlisted commercial papers?

Does this successful placement with Kotak Mahindra Bank signal increased investor confidence in the housing finance sector?

RBI penalises Repco Home Finance Rs 70,000 for code breach

1 min read     Updated on 13 Jun 2026, 04:24 PM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

The Reserve Bank of India imposed a ₹70,000 penalty on Repco Home Finance Limited on June 12, 2026, for non-compliance with its Fair Practice Code directions. The company confirmed receiving a speaking order and stated it has implemented corrective actions to resolve the violation.

powered bylight_fuzz_icon
42893631

*this image is generated using AI for illustrative purposes only.

The Reserve Bank of India imposed a monetary penalty of ₹70,000 on repco home finance on June 12, 2026, for non-compliance with its directions regarding the Fair Practice Code. The regulator issued a speaking order to the housing finance company, confirming the levy of the fine. The penalty impacts the company only to the extent of the monetary amount specified.

The action was taken due to a violation of the specific directions issued by the central bank governing fair practices for lenders. Repco Home Finance disclosed that the communication was received on June 12, 2026, and confirmed that the penalty pertains to the Fair Practice Code regulations.

In response to the regulatory action, the company has undertaken corrective measures to address the identified issue. The disclosure was made to the stock exchanges in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table outlines the key details of the regulatory action:

S.No Particulars Details
1. Name of the listed entity Repco Home Finance Limited
2. Name of the Authority Reserve Bank of India
3. Nature and details of the action(s) taken Reserve Bank of India levied penalty of ₹70,000 (Rupees Seventy Thousand Only)
4. Type of communication received Speaking Order issued by RBI
5. Period for which communication would be applicable Not Applicable
6. Date of receipt of direction or order 12th June 2026
7. Details of the violation(s) Non-compliance with the directions issued by the Reserve Bank of India on 'Fair Practice Code'
8. Impact on financial, operation or other activities Only to the extent of the amount of penalty i.e. ₹70,000
9. Action(s) taken by listed company The Company has since undertaken corrective action to address the issue

Historical Stock Returns for Repco Home Finance

1 Day5 Days1 Month6 Months1 Year5 Years
-0.42%+0.04%+0.82%-0.42%-6.99%+4.82%

Will the RBI increase scrutiny on Repco Home Finance's other operational compliance areas following this violation?

How might this penalty influence Repco Home Finance's internal governance policies and audit frameworks moving forward?

Could this regulatory action signal a broader tightening of enforcement on Fair Practice Codes across the housing finance sector?

More News on Repco Home Finance

1 Year Returns:-6.99%