LICHF 2nd quarter disbursal clocks Rs. 9,123-cr

    LICHFL
    Creating a record in its home loans disbursal portfolio, the LIC Housing Finance has recorded a staggering amount of Rs. 9,123-cr disbursal in the just concluded September-quarter, as compared to Rs. 8,390-cr in the corresponding period in the preceding fiscal. In view of this, its net profit has also gone up by 20% year-on-year basis. The outstanding mortgage portfolio as on September 30, 2016, was Rs. 1,31,096-cr against Rs. 1,14,069-cr on September 30, 2015, thus registering a growth of 15%. Similarly, the gross non-performing as a proportion of gross advances edged a tad lower to 0.57 per cent from 0.60 per cent in the previous year quarter, Managing Director & CEO, Sunita Sharma said, adding that the quarter has looked positive for LIC Housing Finance with robust loan growth and consistently strong asset quality and improvement in margins. The LIC Housing Finance continues to remain optimistic on its future performance on the home loans finance-front in the remaining portions of the financial year, she insisted.
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