cost of funds
A net profit of Rs. 370 crore for the quarter ended March 31, up 17.03% y-o-y, was posted by LIC housing on Monday. Compared to Rs.1,023.21 crore last year, net profit for FY14 stood at R1,317.19 crore, an increase of 29%. Net interest margins (NIM) for the entire year were at 2.25%, an increase of [...] Continue Reading »
D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance) has assured Confederation of Real Estate Developers’ Association of India (CREDAI)‘s Chairman Pradeep Jain that Union Government will look into reducing the cost of funds for real estate developers. It is a welcome sign from the finance ministry to the real estate developers that the [...] Continue Reading »
