In a bid to strengthen its loan-book, GIC Housing Finance is planning to add 50,000 accounts from its four promoters with an average ticket size of Rs 5 lakh.
GIC Housing Finance is the housing arm of domestic re-insurer General Insurance Corporation (GIC). Apart from GIC, GIC Housing Finance has four public sector insurers as its promoters - New India Assurance, Oriental Insurance, United India and National Insurance.
The company currently manages the housing loans of General Insurance Corporation.
