LIC Housing Finance Q2 net profit up 20%

LIC Housing Finance Ltd posted a net profit of Rs. 4947.606 mn for the quarter ended September 30, 2016 as compared to Rs. 4117.368 mn for the quarter ended September 30, 2015. Total Income has increased from Rs. 30893.575 mn for the quarter ended September 30, 2015 to Rs. 34899.132 mn

LIC Housing Finances expands its business in East India

By Accommodation Times News Services LIC Housing Finance Ltd., the mortgage finance arm of Life Insurance Corporation of India, has set a loan disbursement target of Rs 3,000 crore in 2014-15 for the eastern region against Rs 1,902 crore last fiscal, a growth of 58 per cent. The growth in loan disbursal

LIC housing finance will raise Rs. 1,800 crore funds through ECB

By Accommodation Times News Services Reserve Bank of India has granted LIC Housing Finance Ltd. to raise Rs. 1,800 crore funds from foreign market through external commercial borrowings (ECBs). These funds will be utilized to section home loans to home buyers under affordable housing segment. As per the norms the average

New public deposit scheme launched by LIC Housing Finance Ltd: Sanchay

By Accommodation Times News Serveices LIC Housing Finance Ltd has launched a public deposit scheme “Sanchay” whereby it will offer the highest interest rate of 9.50 per cent on five-year deposits. The term period for deposits ranges from one to five years with minimum amount of deposit being Rs 10,000 and

HFCs commenced targeting default developers: LIC Housing Finance stands first

By Accommodation Times Bureau LIC Housing Finance declares Orbit Corporation the well known real estate developer’s accounts as a non-performing asset (NAP) and served a recovery notice to the company, the company owes a huge amount of debt amounting Rs. 96 crore, on the repayment of loan borrowed from LIC Housing

LIC Housing Finance raising funds via non-convertible debentures

By Accommodation Times News Service LIC Housing Finance is looking to raise Rs 28,000crore this fiscal as against Rs 23,000crore last year. "The majority of the fund raising (70%) would be through NCDs ( non convertible debentures) with bank borrowings accounting for the remainder," VK Sharma, managing director and CEO, LIC Housing

LIC Housing Finance net down by 58% in Q2

Mumbai: As per the Q2 report of LIC housing finance it has decline in net profit by 58percent (Rs.98cr) for the second quarter dated September30, on account of higher provisioning. Whereas, according to the yesteryears report it has posted a net profit of Rs. 234cr in the year ago period.

Oberoi Realty’s deny any association with LIC Housing Finance

Information gathered via telephonic interview with Mr.Gourav Gupta , Personnel for Corporate & Media Communications, Oberoi Realty. Q. Has Oberai Realty not obtained any loan or financial facility/arrangements from LIC Housing Finance? Ans. No, absolutely not. No form of loans has been obtained from any financial institution. Oberoi Realty is a

LIC HOUSING FINANCE LTD

LIC HOUSING FINANCE LTD Relaxable conditions ( on a case - to - case basis) Maximum Age of Building : 35 yrs Min. Disp Income : Rs 72000 Business was profitable for the last : 3 yrs Additional Conditions No. of guarantors required : 1 Security required : 1st mortgage only Collateral required : LIC Life insurance