HOUSING FINANCE - LIC HOUSING FINANCE
Article Abstract:
LIC Housing Finance (LHF) gets financial support from its parent Life Insurance Corporation (LIC). LHF procures funds from LIC, commercial banks and refinance from NHB. For the nine months ended December 1998, LHF posted a total income of Rs400.84 crore and net profit of Rs62.22 crore. During 1997-98, LHF disbursed housing loans of Rs769.31 crore to individuals and Rs32.79 crore to projects. The total income during the period was Rs494.84 crore.(um)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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IVP POSTS Rs 1.63 CR NET PROFIT IN Q3
Article Abstract:
IVP Ltd has posted a net profit of Rs1.63 crore during the quarter ended December 1998 (Rs1.08 crore during the quarter ended December 1997). Its sales grew by 68 percent to Rs217 crore (Rs129 crore) while gross profit grew by 51 percent to Rs2.8 crore (Rs1.85 crore). (ag)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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