LIC Housing Finance is planning to mop up about Rs 8,000 crore in January-March 2012 for meeting its lending needs. The company has already raised about Rs 15,000 crore this year.
For raising the said fund, the housing finance arm of state life insurer Life Insurance Corporation (LIC) will use combination bonds and loans, to be used to fund business growth in the remaining part of the financial year. The company is also in talks with its promoter, LIC, to beef Tier-I capital and support growth in the medium term. The loan portfolio of the company stands at Rs 56,000 crore, which it plans to increase to Rs 100,000 crore in three years.
Besides strengthening its core business of retail home lending, the company would require funds in the last quarter to beef lending to developers for various commercial and housing projects.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 536.95 |
| Housing & Urban Dev. | 199.70 |
| Bajaj Housing Financ | 89.58 |
| Piramal Finance | 1639.80 |
| PNB Housing Finance | 905.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: