Page 7 - Lic Housing Finance

MARKET WRAP: Indices extend gains, Sensex up 524 pts as RIL surges over 6%

All that happened in the markets today

Market Ahead, June 19: Top factors that could guide markets today

The SGX Nifty is indicating an open at around 10,030 levels for the Nifty amid mixed global cues

Market Ahead, June 15: Top factors that could guide markets this week

SGX Nifty is also down around 40 points, indicating a flat to lower opening for the Indian indices

Indian millennial women prefer housing for investment: Anarock-LIC survey

Nearly 45% of women home seekers will sell the property after appropriate appreciation while 32% will prefer to earn a steady rental

No proposal to merge LIC Housing Finance with any other entity: LIC

The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank

'Pay when you stay', 'EMI waiver': LICHF's plan offers relief to borrowers

But you need to stay for the entire period of the loan to get this benefit

Weekly stock picks by Religare Broking: Buy IndusInd Bank, ICICI Pru Life

In the banking space, private banking majors are leading from the front and still looking buoyant

Rs 25,000 cr AIF for stalled projects will boost homebuyers' faith: LIC HF

Firm hopes to disburse Rs 55,000 cr this year, up from Rs 48,000 cr last year, says MD & CEO Siddhartha Mohanty

LICHF, PNBHF struggling to gain lost ground as Street turns a blind eye

Both public sector non-bank lenders are aligning their loan book favourably towards retail home loans without losing sight on profitability

Seven reasons why you should go for a joint loan to buy property

Besides increasing the eligibility, tax benefits will also double

LIC Housing Finance reports 15% rise in its PBT at Rs 856 crore in Q2FY20

The net interest income (NII) rose 16 per cent to Rs 1,213 crore in the quarter ended September 2019 (Q2FY20) from Rs 1,047 crore in the same period last fiscal

LIC Housing Finance raises Rs 19,000-crore through commercial papers, NCDs

The housing finance company has a strong fund-raising ability and will need to raise additional capital to meet the revised norms of the National Housing Bank

LIC Housing Finance slips nearly 8% post block deal

According to reports, Fidelity Management has likely sold stake in the company.

LIC Housing Finance's non-retail loans may throw up negative surprises

Asset quality worst in four years, though loan growth steadies the ship

LIC Housing Finance Q1 net up 7% at Rs 609 cr; revenue comes at Rs 4815 cr

LIC Housing Finance on Saturday posted a 7.39 per cent increase in its consolidated net profit at Rs 609.13 crore for the first quarter ended on June 30, 2019. It had reported a net profit of Rs 567.18 crore during the same period of the previous fiscal. Total Revenue from operations rose to Rs 4,815.57 crore for the first quarter as against Rs 4,068.93 crore in the year-ago period, LIC Housing Finance said in a regulatory filing. "The business environment continued to be quite challenging. However, despite that, the company's outstanding loan book grew consistently, especially on the home loan segment," LIC Housing Finance MD & CEO Siddhartha Mohanty said.

LIC Housing Finance Q4 net up 17% on strong net interest income, revenue

NII rises 21% to Rs 1,201 cr in Q4FY19, revenue up 20% to Rs 4,655 cr; individual home loans up 18% to Rs 12,448 cr

LIC Housing Finance remains the top pick despite persisting issues

Share of developer loans is lower than that of other HFCs, while that of retail loans stands at 80%

LIC Housing Fin Q2 PAT up 12% to Rs 5.73 bn, loan portfolio up 10%

The company recorded a strong growth in the affordable segment both in value and volume terms and continues to enjoy comfortable liquidity position

Amid weak sentiment, LIC HF Q2 soothes nerves by beating estimates

LIC Housing Finance reported a net profit of Rs 5.7 billion for the quarter ended September 30, about 12 per cent higher than the same period a year before. Total income also rose 12 per cent, to Rs 42 bn. These numbers exceeded the expectation and helped it offset a 13 per cent increase over the year in cost of funds, to Rs 31.4 bn in the quarter. These results, along with a healthy outlook, pushed the stock's price at the day's close to Rs 415.85 on the National Stock Exchange, up 2.6 per cent from Friday. The loans portfolio grew to Rs 1,760 bn, a year-on-year growth of 10 per cent. Disbursements rose 30 per cent, to Rs 142.7 bn. Vinay Sah, managing director, said strong growth in the affordable housing segment in both value and volume terms had aided the loan growth. Loans to this section were 13.5 per cent of the total in the quarter. "We expect the trend in disbursal to continue," he said.A worry factor is steep decline in the share of loans to individual borrowers (retail, in ..

LIC Housing Finance falls 7% post June quarter results

In past two months, shares of LIC Housing Finance had outperformed the market by surging 20% against 9% rise in the S&P BSE Sensex till Friday.