LIC Housing Finance News

In the July-September period, loan disbursements were Rs 16,476 crore, a 12 per cent increase from Rs 14,665 crore in the year-ago period. 

CAR of LIC Housing Finance rose to 19.77 per cent at the end of December 2023 as compared to 17.74 per cent at the end of third quarter of previous financial year.

The interest rate for a 1-year term is 7 percent for deposits under Rs 20 crore and 6.75 percent for deposits beyond Rs 20 crore.

The company increased the LIC Housing Prime Lending Rate (LHPLR) by 0.50 per cent. LHPLR is the benchmark rate to which the interest rate on LIC HFL's loans are linked.

Pensioners, for example, are required to submit their life certificates by November 30. LIC Housing Finance's special home loan is set to expire this month. Before November 30, you must apply for admission to Jawahar Navodaya Vidyalaya's class 9.

Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore. In July this year, it had announced to offer home loans at an interest rate of 6.66 per cent for an amount up to Rs 50 lakh to new borrowers. It is available for loans sanctioned from September 22 to November 30, 2021, provided the first disbursement is availed on or before December 31, 2021.

In a regulatory filing, the housing finance company said that it will issue 4.54 crore equity shares to LIC at Rs 514.25 per share. Post the allotment, LIC's stake in the company increased to 45.24 per cent as against the pre-issue shareholding of 40.31 per cent. The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.

LIC Housing Finance standalone net profit rose by 18.1 per cent to Rs 529.19 crore in the fourth quarter of last fiscal ended March 31.

During the third quarter of the running fiscal, LIC Housing Finance reported an increase of 19.2 percent in its net profit at Rs 499.26 crore.​

LIC Housing Finance has reported an increase of 20.2 percent in net profit at Rs 494.76 crore for the second quarter ended September 30.

LIC Housing Finance has reported a 6.3 percent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.

 LIC Housing Finance today reported a rise of 19.5 percent in its consolidated net profit at Rs 1,667.70 crore for the quarter ended March 31.

LIC Housing Finance today reported a 21.6 percent rise in net profit at Rs 418.90 crore for the third quarter ended December 31.

Midcap Bazaar: https://goo.gl/439StW Antim Baazi: https://goo.gl/h4jDyh Subscribe to our channel at: https://goo.gl/cn4IdL Check out our website: http://zeenews.india.com/business Connect with us at our social media handles: Facebook: https://www.facebook.com/Zeebusinessonline Twitter: https://twitter.com/zeebusiness Google Plus: https://plus.google.com/+zeenews Lean back and watch some of our flagship shows and content of your choice by clicking the links below: Share Bazaar Live: https://goo.gl/6Z0YTO First Trade: https://goo.gl/Jhoybb Aapka Bazaar: https://goo.gl/1BA2JD Mandi Live: https://goo.gl/1Sii3I Top 20 Stocks: https://goo.gl/WZDSNw Property Plus: https://goo.gl/MrfYa1 Box Office: https://goo.gl/nZFP9r Brand Stand: https://goo.gl/IIcNKS The Big Idea: https://goo.gl/lMIJEb Mobiles & Gadgets: https://goo.gl/IeCHCL

Simply put securitisation of loan is selling the loan portfolio to a buyer for a consideration. The loan book that thus sold will not figure in the balance sheet of the seller.

LIC Housing Finance surged 4.63 percent while Dewan Housing Finance Corporation rose 4.21 percent on BSE.

LIC Housing Finance on Saturday posted a marginal 2.2 percent increase in net profit to Rs 378.18 crore for the quarter ending March and decided to pay a dividend of Rs 5 per cent on equity share of Rs 2.

The company had posted a net profit of Rs 326.59 crore in the corresponding quarter of the previous fiscal.