Page 4 - Lic Housing Finance

Tata Sons, Bajaj Finance among 16 NFBCs put in RBI's upper layer list

HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank

IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting

MPC has increased the repo rate by 140 bps cumulatively since May in an effort to rein in inflation

LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%

Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked its rate by 0.50 per cent, and the lowest priced product for the salaried and professional applicants will be 7.70 per cent now, as per an official statement. Despite the latest hike, the company claimed to be offering loans at competitive rates compared to most of its peers. LIC Housing Finance has increased its prime lending rate (LHPLR) by 0.50 per cent and the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent previously. The company's chief executive and managing director Y Viswanatha Gowd said the RBI's decision to hike the repo rate by 0.50 per cent has caused "minimum fluctuation" in monthly instalments or tenure of home loan

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

Stocks to Watch: Britannia, GAIL, Reliance, Adani Enterprises, Paytm, Nykaa

Stocks to Watch: With oil prices staging a dramatic reversal, related stocks, along with rate-sensitive sectors will be on the radar as RBI announces its monetary policy outcome Friday.

LIC Housing Finance's PAT surges over 500% to Rs 925 cr in Q1FY23

LIC Housing Finance Ltd's net profit rose sharply by 503 per cent year-on-year to Rs 925.48 crore on back of uptick in net interest income, as against Rs 153.44 crore in the same quarter last year.

Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday

Stocks to Watch: Telecom, LIC Hsg Fin, KEC Intl, Suven Life, IIFL Finance

Stocks to Watch Today: Indiabulls Housing Finance and RBL Bank are the two stocks in F&O ban period on Tuesday.

LIC Housing finance hikes lending rate by 60 bps, home loans start at 7.5%

Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain

LIC Housing Finance plans to expand project loan business in FY23

With this, "the company will take the share of project finance from 5 per cent to 10 per cent in incremental business in the current year", said Y Viswanatha Gowd, MD and CEO, LIC Housing Finance.

LIC Housing Finance Q4 profit up 180% to Rs 1,118 cr, credit costs drop

The company's board recommends a dividend of Rs 8.5 per share of Rs 2 each.

LIC Housing Finance increases home loan rate to 6.9% for select borrowers

For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are applicable from Friday

IPO-bound LIC plans to cross-sell policies via housing finance arm

This would be by selling insurance products to home buyers who avail loans from LIC Housing Finance

ICICI Bank, ITC, KNR Constructions 'top picks' for Centrum Broking

ICICI Bank, LIC Housing Finance, UTI Asset Management Company, and Care Ratings shares are brokerage house Centrum Broking's 'top picks' for the current quarter.

LIC Housing or IDBI will stop home loan business by Nov 2023: LIC IPO DRHP

Housing finance will be conducted only by one entity, the insurer said, in the draft red herring prospectus (DRHP) for its initial public offering (IPO)

Nandish Shah recommends a Bull spread strategy on LIC Housing Finance

The derivative analyst from HDFC Securities recommends buying Buy LICHSG FINANCE FEB 410 CALL and simultaneously selling 430 CALL

Canara Bank, IDFC: Budget 2022 gives wings to these financial stocks

IDFC Limited has crossed major resistance of Rs 65, which it had been struggling to conquer since late 2016

LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit

Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021. The stock jumped 12.63 per cent to Rs 389 on the BSE. On the NSE, it rallied 12.59 per cent to Rs 389. Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. "The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions. "Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said. The lender reported better growth in the quarter due to higher disbursements during the

Stocks to Watch: RBL Bank, TVS Motors, Fino Payments Bank, PNB, Telecom

3i Infotech, BEL, Dixon Tech, Kotak Bank, Karnataka Bank, Larsen & Toubro, Marico, NIIT, Naukri, Suzlon, United Breweries and Vedanta to announce results today.