Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
While SREI Infra fits the criteria laid out in the draft guidelines and is also well capitalised, Vice Chairman Sunil Kanoria says, no decision has been made yet on applying for a license.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
The housing finance company improved margins from 2.19 percent in June to 2.23 percent in September and hopes to continue the trend.
Speaking to CNBC-TV18‘s Latha Venkatesh, VR Iyer CMD, Bank of India said the improvement in infrastructure sector can been seen only after the general elections.
LIC had a fantastic performance in Q2 and expects the same for the second half of FY14, says chairman SK Roy. Also, he finds banking sector attractive with a longer-term perspective.
India's largest domestic institutional investor, Life Insurance Corporation of India (LIC) invested Rs 23,000 crore in equities for the financial year 2013, informs Chairman DK Mehrotra. “We have not rushed into it in Q4 to buy more stocks…but it has been smooth and uniform participation for us in 2012-13,†he told CNBC-TV18 in an interview.
The National Housing Bank (NHB), the regulator for housing finance companies in India is ramping up its efforts on affordable housing, typically priced below Rs 25 lakh. It has almost finalised the scheme for Urban Housing Fund (UHF) of Rs 2,000 crore, recently announced in the Union Budget 2013.
After the Securities and Exchange Board of India (SEBI) allowed debt-oriented mutual funds to invest up to 10 percent of their net assets in housing finance companies, VK Sharma, Director & Chief Executive, LIC Housing Finance believes the companies will now get additional funding of Rs 50,000 crore.
His bosses describe him as CM, the crisis manager. There were good numbers of case studies within the group to justify this new acronym. However, it was publically evident when he had taken charge of LIC Housing Finance (LICHFL) in November, 2010. Meet V K Sharma, the chief executive of LICHFL.
In order to meet its lending needs, LIC Housing Finance plans to raise close to Rs 7000-8000 crore in the last quarter of this fiscal.
In an interview to CNBC-TV18, VK Sharma, director and chief executive officer of LIC Housing Finance says, in the next six months, the company’s target is to disburse Rs 2,000-3,000 crore. He expects net interest margins to be around 2.7% at the end of the year.