| LIC Housing Finance Ltd Related news |
LIC insurance scheme for families of Telangana farmers soon
Posted on 16th May 2018 |
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HYDERABAD: To implement insurance coverage to the farmers in the state, Telangana chief minister K Chandrasekhar Rao has directed officials to finalize the modalities of the scheme and fix the insurance premium for the famers by holding discussions with life insurance corporation officers. |
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LIC Housing Finance stocks: Axis Capital rates ‘buy’, says results reflect improvement
Posted on 7th May 2018 |
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Q4 showed increasing share of high yielding non-individual portfolio that aided in NIM expansion (up 16 bps q-o-q at 2.5%). Headline asset quality also improved (GNPA ratio down 9 bps q-o-q at 0.78% and NNPA ratio at 0.43%). Consequently, LICHF reported PAT of Rs 5.4 bn (up 1.9% y-o-y), in line with our estimate. Loan growth remained stable at 15.1% y-o-y supported by 14.5% y-o-y growth in disbursements. |
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LIC staff to get off on 2nd and 4th Saturdays
Posted on 25th April 2018 |
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New Delhi, Apr 25 () LIC employees will soon get an off on every second and fourth Saturdays of a month with the government approving their long-standing demand. According to official sources, this is in line with the practice followed for public sector banks. |
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LIC profit booking rises to record Rs25,000 crore in FY18
Posted on 17th April 2018 |
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Mumbai: State-run insurer Life Insurance Corporation of India (LIC) booked record equity trading profits of Rs25,000 crore in 2017-18, up from Rs19,000 crore a year ago, said two people aware of the matter. The state-owned insurer is finalizing its annual accounts and these will be published in May. |
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Videocon loan row: LIC, govt nominee seek meeting with ICICI Bank brass
Posted on 10th April 2018 |
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The Life Insurance Corporation of India (LIC), which holds about a 9.4 per cent stake in ICICI Bank, and the government’s new nominee on the private lender’s board have called a meeting of the bank’s top management this week. This comes against the backdrop of the recent developments in the ICICI Bank-Videocon case and declining investor confidence. |
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Finance Ministry okays govt guarantee of Rs 5,000-cr IRFC bonds for LIC
Posted on 27th March 2018 |
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To make funds available to the Indian Railways, the ministry of finance has approved government guarantee of Rs 5,000 crore for bonds to be issued by Indian Railway Finance Corporation (IRFC) before the end of this fiscal. These bonds will be subscribed by Life Insurance Corporation of India (LIC). In addition, the finance ministry has also waived the guarantee fee which otherwise IRFC would have paid, thus decreasing the cost of funds for the transporter. |
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LIC faces Rs 25 crore exposure to Gitanjali
Posted on 7th March 2018 |
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MUMBAI: The Life Insurance Corporation of India (LIC) has close to Rs 25 crore outstanding from the Gitanjali group, against which it has security of the group’s Hyderabad Gem Special Economic Zone (SEZ). The corporation had originally extended a loan of Rs 125 crore, a large part of which has been repaid. The only exposure the corporation has to the Nirav Modi/Mehul Choksi groups is a term loan provided for the SEZ. |
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