LIC Housing

Total disbursements for the housing finance company rose by 12 per cent to Rs 16,476 crore in the quarter under review, compared to Rs 14,665 crore in the corresponding period in Q2 FY24

The housing finance company will pay an annual coupon of 7.57 per cent and had invited bids from bankers and investors earlier in the day

Bajaj Housing, which is backed by the Bajaj Group, has between FY22 and FY24 grown exceptionally in terms of assets under management and profit, according to analysts

Technical Outlook: RECL, PFC can potentially rally up to 17 per cent from here on; while Birlasoft and LTIMindtree may witness a sharp fall, suggests technical charts.

Mortgage lender LIC Housing Finance on Friday reported a more than two-fold jump in profit at Rs 1,163 crore in the third quarter ended December 2023. The housing finance subsidiary of LIC had earned a net profit of Rs 480 crore in the same quarter a year ago. Its total income increased to Rs 6,792 crore during the quarter under review against Rs 5,876 crore in the same period last year, LIC Housing Finance said in a regulatory filing. The interest income of the company rose to Rs 6,744 crore as against Rs 5,839 crore in the third quarter of the previous year. During the quarter ended December 31, 2023, the company has made a provision of Rs 50.32 crore in respect of Investment in Alternate Investment Funds (AIFs) pursuant to a Reserve Bank of India circular dated December 19, 2023. However, the company's Capital Adequacy Ratio improved to 19.77 per cent as against 17.74 per cent at the end of December 2022.

In the past one year, this non-banking financial services (NBFC) stock has surged 16 per cent, as against a 12 per cent jump in the S&P BSE Sensex

Improvement in interest income and margins crucial for investor sentiment to revive

Net interest income and margin both decline; disbursements up 4% to Rs 16,786 crore

Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain

The strong demand in real estate -- residential, commercial, and logistics -- is giving confidence to the likes of JM Finance, Piramal, LIC Housing, and Indiabulls Housing Finance

LIC Housing Finance's (LIC HFC) net profit rose 6 per cent year-on-year (YoY) to Rs 767.33 crore in the third quarter.

India Post Payments Bank (IPPB) has joined hands with LIC Housing Finance for selling housing finance products of the latter to its 4.5 crore customers, a statement said on Tuesday.

Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to Rs 50 lakh.

Lender's capitalisation may restrict growth and it's asset quality could be worse if a Supreme Court order is disregarded.

Collection efficiency for non-moratorium customers for the month of September 2020 stood at 96%

The proposal will be taken up at its annual general meeting on September 28 for approval from shareholders

Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC

Both public sector non-bank lenders are aligning their loan book favourably towards retail home loans without losing sight on profitability

The sharp increase in gross NPAs reflect stress in its loan against property business.

While strong parent support and transformation of loan book to floating rate is positive, asset quality concern is key