LIC Housing Finance saw its net interest margins rise to 2.86%, a 16 basis points increase quarter-on-quarter. The company's revenue grew by 3.33% to ₹7,305.60 crore, although net profit declined by 4.27% to ₹1,373.60 crore. LIC Housing Finance has provided guidance for double-digit Assets Under Management growth. Nirmal Bang maintains a 'Buy' rating but cautions about potential pressure on NIMs due to increasing competition and interest rate volatility.
LIC Housing Finance has reported a strong Q4 performance with net profit rising 25% year-over-year to ₹1,368.00 crore. Revenue increased by 5% to ₹7,283.00 crore. The company has recommended a dividend of ₹10.00 per equity share.
05May 25
LIC Housing Finance Pioneers Listed Residential Mortgage-Backed Securities in India
LIC Housing Finance has raised ₹10 billion by issuing 20-year residential mortgage-backed securities (RMBS) with a 7.26% coupon rate, now listed on the National Stock Exchange. The National Housing Bank projects the sector to raise ₹100-200 billion through RMBS this fiscal year. This move diversifies funding sources, increases liquidity, deepens the market, and attracts wider investor interest in India's housing finance sector.
25Apr 25
LIC Housing Finance Slashes Home Loan Rates by 25 Basis Points
LIC Housing Finance announces a 25 basis points reduction in its prime lending rate, effective April 28, 2025. Home loan rates will start from 8.00% for both new and existing borrowers. This move follows the RBI's repo rate cut to 6.00% and aims to make home ownership more affordable, potentially stimulating demand in the real estate sector.
18Apr 25
LIC Housing Finance Reshuffles Top Management, Appoints Lokesh Mundhra as New CFO
LIC Housing Finance Ltd (LICHFL) has appointed Shri Lokesh Mundhra as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective immediately. Mundhra, a Chartered Accountant with 32 years of experience at LIC of India, replaces Shri Sudipto Sil, who has been transferred to a marketing role. The company also announced several other senior management appointments, including new General Managers for Marketing, Credit Appraisal, and Recovery. These changes are part of a significant management restructuring at LICHFL.
18Apr 25
LIC Housing Finance Appoints New CFO and Reshuffles Senior Management
LIC Housing Finance Ltd. has announced significant changes to its senior management team. Lokesh Mundhra, a veteran from Life Insurance Corporation of India, has been appointed as the new Chief Financial Officer effective April 17, 2025. The outgoing CFO, Sudipto Sil, has been redesignated as Marketing Head of the Western Region. Additional appointments include new General Managers for Marketing, Credit Appraisal, and Recovery. The company's Chief Information Officer, Sankar Parida, has been transferred to a regional role.
LIC Housing Finance Ltd's Board of Directors has approved a borrowing budget of ₹1,22,500 crore for FY 2025-26. The plan includes various financial instruments such as loans, debentures, bonds, and securitization from diverse sources. The board also recommended appointing M/s Shah Gupta & Co. and M/s Batliboi & Purohit as Joint Statutory Auditors, subject to shareholder approval at the upcoming AGM.
LIC Housing Finance Ltd's board has approved a borrowing budget of ₹1,22,500 crore for FY 2025-26. The budget includes various financial instruments such as loans, debentures, bonds, and deposits. The board also recommended the appointment of two firms as Joint Statutory Auditors. This significant financial move suggests anticipated growth in housing loan demand and potential expansion of the company's loan portfolio.