SPACIOUS, BUT ROOM FOR GROWTH: LIC HOUSING FINANCE
Article Abstract:
LIC Housing Finance (LHF) provides retail housing finance. With a network of 67 area offices, its volumes are rising. Due to slum in the real estate business and consequent fall in the demands from builders and developers for loans, LHF has focused on loans for the salaried class. It has a market share of 25 percent - the second largest housing finance company after HDFC (54 percent). The share of the corporate and builders is only 4 percent in 1998 (16 percent in 1996). About 61 percent of the loans - an average of Rs2.4 lakh - were to the middle class. LHF gets 6.4 percent of its funds the National Housing Bank, its parent. LHF only needs to reduce its non-performing assets. In the 6 months ended September 1998, it made a net profit of Rs36.81 crore. Its operating and net profit margins were 19 percent and 14 percent respectively. (nr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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HOUSING FINANCE - DEWAN HOUSING
Article Abstract:
Dewan Housing sources its funds from National Housing Bank (NHB) refinance, term loans from banks and fixed deposits. It has been selected by the NHB for raising funds through the securitisation route. During 1997-98, Dewan made a total disbursement of Rs92.25 crore. For the nine months ended December 1998, the company recorded a total income of Rs57.96 crore. (um)(m)
Comment:
Dewan Housing sources its funds from National Housing Bank (NHB) refinance, term loans from banks and fixed deposits.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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