LIC Housing
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 »
LIC Housing Finance’s first real estate fund invests in four residential projects in Bangalore, Pune
As per the report, LIC Housing Finance Ltd which is a part of life insurance giant Life Insurance Corporation of India (LIC), has invested Rs 50-70 crore in each transaction from its Rs 530 crore real estate investment fund that it raised in March last year. The fund, named as ‘LICHFL Urban Development Fund’, has [...] Continue Reading »
In April-December 2013 mobilization through corporate bonds on a private placement basis sinked 29% to Rs 1,81,808 crore, because of lower fund raising by banks and financial institutions. As per the data base, which evaluates the data on the primary capital market, collection of fund by the private sector also witnessed a sharp decrease. It [...] Continue Reading »
HDFC posted a marginal growth in the net profit; however LIC Housing and Dewan Housing both reported a severe drop in the financial market. During the month of June 2011, both of these financial sectors reported a severe decline in sanctioning loans and there are few borrowers approaching them for funding. The actual impact is [...] Continue Reading »
