Managing Director SK Hota said going forward, every quarter is expected to be a better quarter.
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
LIC Housing Finance is on radar after the company's second quarter earnings came in lower than street estimates. The net interest margins have dropped to 11 quarter low for the company. In an interview to CNBC-TV18, Vinay Sah, MD & CEO of the company discussed the details.
LIC Housing Finance fell over 2 percent on Friday after posting a weak set of earnings for the first quarter. CNBC-TV18's Ritu Singh caught up with Vinay Sah, MD and CEO of LIC housing Finance and asked him about the key profit drivers this quarter and the outlook on the business going ahead.
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.
In an interview with CNBC-TV18, Sunita Sharma, MD and CEO of LIC Housing said that reduction in non-performing assets (NPAs) and strict control over asset quality are major drivers for growth in this quarter.
Sunita Sharma, MD & CEO of LIC Housing Finance told CNBC-TV18 that project finance segment grew strongly in Q2 and will continue to be the company's focus in future.
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.
Sunita Sharma, MD & CEO, LIC Housing Finance said the retail loan category had grown by 20 percent and the project category had grown by 10 percent.
The housing finance company improved margins from 2.19 percent in June to 2.23 percent in September and hopes to continue the trend.
Discussing the earnings, Sunita Sharma, Managing Director & CEO, LIC Housing Finance, said September saw a very healthy loan growth and the lender has been able to recover developer NPLs worth Rs 132 crore with interest.
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.
VK Sharma, MD & CEO, LIC Housing Finance told CNBC-TV18 they gave aggressively plans to double their developer‘s loan book.
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.
LIC India promoted LIC Housing Finance (LICHF) has embarked on a three-pronged strategy to attain a net interest margin in the range of 2.5-2.7% in 2012-13. Net interest margin or the different between interest earned and paid out stood at 2.10% in Q2, FY13 compared with 2.18% in Q1, FY13.
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.
In an interview with CNBC-TV18, VK Sharma, Director & Chief Executive of LIC Housing Finance said the company is waiting for the right opportunity to launch QIP. He is also not expecting NIMs to decline further from the current levels.
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.
LIC Housing Finance reported a net profit of Rs 213 crore as compared to Rs 154 crore it declared a year ago. In an interview with CNBC-TV18, VK Sharma, the company's Director and CEO spoke on the numbers and gave his perspective on business post the bribes-for-loans scam.