| LIC Housing: Room to grow | 11-NOV-09 |
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| Although cost of funds came down, yields on loans weren’t high enough for LIC Housing Finance to post an increase in margins in the September 2009 quarter. The firm’s net interest margin stayed sequentially flat at 2.45 per cent while showing a slight fall year-on-year. |
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| LIC Housing Finance net surges 27% | 30-OCT-09 |
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| LIC Housing Finance posted a 27 per cent rise in its net profit to Rs 171.25 crore for the quarter ended September 30 as compared to Rs 135 crore in the year-ago quarter. The growth was helped by an Rs 41.69 crore write-back on provisions. |
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| LIC Housing Finance raises $135 million in stock sale | 17-SEP-09 |
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| LIC Housing Finance, the second-best performer among non-banking finance stocks in Asia this year has raised $135 million selling shares to institutional investors in order to boost mortgage lending in India. |
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| Mortgage lenders move to match SBI rates | 15-AUG-09 |
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| The action in the home loans market seems to be hotting up with many banks and housing finance companies moving to match the competitive schemes unveiled by the country’s largest lender, State Bank of India. |
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| LIC housing finance cut rates by 50 bps | 14-AUG-09 |
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| For Home Loan borrowers preferring floating rates, the special offer rates for new customers for loans upto Rs 75 lakh will be 8.75 per cent. Earlier the special offer rates for loans above Rs 30 lakhs up to Rs 75 lakhs were priced at 9.25 per cent. |
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| LIC Housing Finance Q1 net up 18% at Rs 124 cr | 21-JUL-09 |
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| LIC Housing Finance, a subsidiary of LIC, today said its net profit rose by 18.31 per cent at Rs 123.83 crore for the quarter ended June 30, 2009, compared to the same period last year. |
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| LIC Housing Finance Introduces 3 years "Fix-o-Floaty" rate loans | 02-JUL-09 |
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| LIC Housing Finance has introduced a new product – a 3year “Fix-o-Floaty” scheme w.e.f 2nd July, 2009 which offers flexibility to customers as well as protection against the volatilities of interest rate movement. Under this scheme the borrowers will pay a Fixed interest rate of 8.9% for loans upto Rs. 75 lacs & 9.5% for loans above Rs. 75 lacs for a period of 3 years; and therafter a Floating rate prevailing at the end of 3 years. At any time during the 3-year initial period the customer has a choice of shifting to the floating interest rate without any additional charges. |
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