LIC Housing Finance

LIC Housing Finance stock price has been in a down trend as per the bearish pattern like lower tops and bottoms over the last two months

On the bourses, LIC Housing Finance soared as much as 2.85 per cent to hit an intraday high of Rs 573.65 per share

The company's disbursements have been slower than its peers in last few quarters. Earlier this month, PNB Housing's reported a 30% rise in disbursements for the third quarter

At the BFSI Insight Summit, industry leaders discuss challenges facing affordable housing, citing high demand but developers' reluctance due to costs, approvals, and low profits

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

Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout

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

Regarding the implications of a rate cut for NBFCs, analysts noted that asset composition is more crucial than liability composition.

The greenshoe option gives the underwriter the right to sell investors more bonds than planned if the demand is higher than expected

LIC Housing, Marico, JK Cement and Motherso Sumi have shed up to 15% in the last four days alongside up to 15% increase in open interest, thus suggesting short buildup at these counters.

Total disbursements were at Rs 12,915 crore in Q1 FY25, as against Rs 10,856 crore for the corresponding period in FY24

The Nifty PCR data suggests that the index may attempt a rally towards 23,700 level ahead of the June series expiry; On the downside, strong support is expected around 23,350 - 23,290.

Mortgage financier LIC Housing Finance on Wednesday reported a 7.5 per cent decline in its profit at Rs 1,091 crore in the fourth quarter ended in March 2024. LIC promoted housing finance company had reported a profit of Rs 1,180 crore in the year ago period. The total income increased to Rs 6,937 crore during the quarter under review against Rs 6,415 crore in the same period last year, LIC Housing Finance said in a regulatory filing. The interest income of the company rose to Rs 6,888 crore as against Rs 6,378 crore in the fourth quarter of previous year. During the quarter ended March 31, 2024, the company has reversed a provision of Rs 31.56 crore in respect of Investment in Alternate Investment Funds (AIFs) pursuant to the RBI circular dated March 27, 2024, it said. With regard to asset quality, LIC Housing Finance witnessed improvement with gross non-performing assets (NPAs) to 3.31 per cent from 4.41 per cent at the end of March 2023. The net NPA of the company too declined

Reserve Bank of India has imposed monetary penalty of Rs 1 crore on private sector lender IDFC First Bank for non-compliance with certain directions issued by regulator on Loans and Advances

The Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms. The penalty on IDFC First Bank has been imposed for non-compliance with certain directions on Loans and Advances Statutory and Other Restrictions', the central bank said in a statement. In another statement, it said the penalty on LIC Housing Finance has been levied for non-compliance with certain provisions of the Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by RBI. In both cases, penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers. Meanwhile, the RBI has cancelled certificate of registration (CoR) of four NBFCs -- Kundles Motor Finance, Nithya Finance, Bhatia Hire Purchase, and Jiwanjyoti Deposits and Advances. The four ...

LIC Housing Finance, the mortgage arm of insurance behemoth LIC, plans to mobilise funds through green bonds in the coming financial year with an aim to finance environmentally-sustainable housing projects. "Green financing is something that we will look at the next year and we would deploy the fund for financing green housing projects," LIC Housing Finance MD and CEO Tribhuwan Adhikari told PTI in an interaction. LIC Housing Finance will have its board meeting on March 7 to consider and approve the borrowing plan for 2024-2025 through loans or issue of redeemable non-convertible debentures, zero couponed bonds, subordinate debt, Tier II bonds or any other means approved by the regulator. Adhikari said the company hopes to hit the net profit of Rs 5,000 crore-milestone by the end of current financial year on the back of robust loan demand and expansion in non-core business. The non-core businesses include Loan Against Property (LAP) and affordable housing finance, he ...

LIC Housing Finance, the mortgage arm of insurance behemoth LIC, is expecting a net profit of Rs 5,000 crore in the current financial year on the back of robust loan demand and expansion in non-core business. The non-core business includes Loan Against Property (LAP) and affordable housing finance, LIC Housing Finance managing director and CEO Tribhuwan Adhikari told PTI in an interaction. During 2022-23, the biggest housing finance company earned a net profit of Rs 2,891 crore. "Affordable housing segment remained strong in tier-2 and tier-3 markets. We remained focused on this segment, as it gives an opportunity to millions of aspiring Indians to own their home with a moderate budget," he said. In addition to business growth, he said, "our endeavour has been to improve service standards through ongoing digital transformation of our processes." Fourth quarter is usually the most important business period for the company and going by the current trends, he said, "we expect to clo

At the BS IML Conclave 2024, LIC Housing Finance CEO T Adhikari said that one size fits all scheme doesn't work in affordable housing

The credit cost was stable sequentially at 0.6 per cent while write-offs moderated to Rs 57.7 crore