Jan 30, 2012 11:06 PM IST | Source: Moneycontrol.com
LIC Housing Q3 net up 43% aided by provision write back
Aided by an one-off item of provisioning write-back, India’s second largest mortgage lender LIC Housing Finance’s (LICHF) third quarter (Oct-Dec) net profit rose more than 43% year-on-year to Rs 306 crore. However, the net interest income fell 5% y-o-y to Rs 326 crore on slower loan disbursements to developers.
Aided by an one-off item of provisioning write-back, India