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LIC Housing Q2 net up 28% at Rs 310 cr on income, margin growth

Last Updated: Wednesday, October 30, 2013, 22:35

LIC Housing Finance (LICHF) Wednesday reported 28 percent rise in net profit at Rs 310.07 crore for the second quarter ended September 30, driven by an equal quantum of increase in interest income and better margin.

LIC Housing plans to increase NIM, reduce borrowing cost

Last Updated: Sunday, April 28, 2013, 18:37

LIC HFL, the wholly owned subsidiary of Life Insurance Corporation (LIC) had already witnessed improvement in its NIM in the fourth quarter due to repricing of loans.

LIC Housing Finance Q4 net up 25% at Rs 316.16 cr

Last Updated: Friday, April 26, 2013, 17:35

LIC Housing Finance Friday reported 25 percent decline in net profit at Rs 316.16 crore for the fourth quarter ended March 31.

LIC Housing launches home loan scheme for self-employed

Last Updated: Tuesday, January 29, 2013, 17:48

LIC Housing Tuesday said it is planning to roll out a new housing loan scheme for self-employed people wherein monthly loan repayment schedule might be tweaked to daily or quarterly.

LIC Housing Fin to consider lowering rates on home loans

Last Updated: Tuesday, January 29, 2013, 17:08

At present, LIC Housing Finance's interest rate on home loans stands at 10.25 percent per annum while its Prime Lending Rate (PLR) is 14.4 percent.

Morgan Stanley, HSBC Global buy LIC Housing scrips for Rs 382 cr

Last Updated: Thursday, January 10, 2013, 19:47

Foreign fund houses-- Morgan Stanley Asia (Singapore) Pte and HSBC Global Investment Thursday acquired a total of 1.36 crore shares of LIC Housing Finance for Rs 382 crore.

LIC Housing plans to raise up to Rs 1,000 cr through ECB route

Last Updated: Sunday, January 06, 2013, 19:15

LIC Housing Finance Limited, promoted by state-run insurance giant LIC, is mulling raising Rs 700-1,000 crore through External Commercial Borrowings (ECB), said Chief Executive V K Sharma.

LIC allowed to buy up to 30% equity in a company

Last Updated: Wednesday, November 21, 2012, 18:15

Hard pressed to meet the Rs 30,000 crore disinvestment target, the Finance Ministry on Wednesday permitted the state-owned Life Insurance Corporation to invest up to 30 percent in a company as against the earlier ceiling of 10 percent.

LICHFL sees developer loan portfolio slipping below target

Last Updated: Sunday, November 04, 2012, 17:28

Accordingly, the mortgage arm of the life insurance giant LIC is exploring other options like reducing the composition of bank borrowings and increasing borrowing through debentures to meet its margin guidance of 2.5-2.7 percent, a top company official has said.

LICHFL sees developer loan portfolio slipping below target

Last Updated: Sunday, November 04, 2012, 17:28

Accordingly, the mortgage arm of the life insurance giant LIC is exploring other options like reducing the composition of bank borrowings and increasing borrowing through debentures to meet its margin guidance of 2.5-2.7 percent, a top company official has said.

LIC Housing Fin Net up over two-fold at Rs 243 cr in Jul-Sept

Last Updated: Wednesday, October 31, 2012, 21:24

The home-loan subsidiary of life insurance giant LIC had posted a lower-than-average post tax profit of Rs 98.39 crore in the year-ago period due to a one-time jump in provisioning.

LICHFL plans Rs 1,200-cr QIP issue by Dec

Last Updated: Wednesday, October 24, 2012, 17:43

LIC Housing Finance is targeting to raise up to Rs 1,200 crore through an institutional placement offer by December, company's top executives have said.