PSBs stepping up recovery of bad loans to meet FinMin’s 40% target: Report Intel announces Arc Pro A60 and Pro A60M GPUs with up to 12GB video memory Tata Capital to LIC Housing finance: Companies to raise funds from markets LIC Housing Finance, HDFC: Trading strategies for housing finance companies LIC Housing Finance Q4 result:… Continue reading LIC Housing Finance to aggressively use OTS, ARC for loan recoveries
Tag: LIC
LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%
LIC Housing Finance Ltd reported a 43 per cent year-on-year (Y-o-Y) increase in net profit, reaching Rs 1,323.66 crore for the first quarter ending June 2023 (Q1FY24). The company attributed this growth to a strong performance in net interest income (NII) and improved margins. LIC’s NII for the reported quarter escalated by 39… Continue reading LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%
LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes
LIC Mutual Fund (MF) on Monday said it has completed the takeover of schemes of IDBI MF. Out of 20 schemes of IDBI MF, 10 have been merged with similar schemes of LIC MF and the remaining 10 have been taken over by LIC MF. The merger is likely to have taken… Continue reading LIC Mutual Fund completes the takeover of IDBI Mutual Fund schemes