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V K Sharma, chairman, LIC said that while their Ulip product performed well, their focus will be on traditional products. "At the end of the day, our policyholder interest is supreme and their returns should not be impacted," he said.
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V K Sharma, chairman, LIC said that they are a contrarian player in the markets. He added that equity usually forms 12 percent of their total investable assets.
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Government today appointed V K Sharma as the Chairman of state-owned behemoth Life Insurance Corporation (LIC) for five years.
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Sharma has been shortlisted for the post of chairman and the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi will take a final call, sources said.
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The court on March 2 had summoned RSPL and its three top officials as accused in the coal scam case pertaining to the alleged irregularities in allocation of Kesla North coal block in Chhattisgarh to the company for alleged offences under sections 120-B(criminal conspiracy) and 420(cheating) of IPC.
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The court has now fixed the case for further proceedings on March 26. CBI had earlier told the court that it was waiting for the nod of the Law Ministry to file an appeal in the case.
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Special CBI Judge Bharat Parashar fixed the matter for January 8 after the agency sought adjournment on the ground that senior public prosecutor V K Sharma, who was to advance the arguments, was not available today due to some bereavement in his family.
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LIC Housing Finance on Thursday launched a public deposit scheme christened as “Sanchay†on its new online IT platform. Retail depositors as well as non-resident Indians, Hindu Undivided Families and companies can park their funds in the scheme.
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The only safe investment bet today is putting your money in the index, says V K Sharma, fundamental analyst, HDFC Securities. He says that no matter how good the fundamentals of a company are, there is no guarantee in the current market that the scrip‘s price is not going to fall more.
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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.
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LIC Housing Finance's (LICHF) first quarter (April-June) net profit moderated more than 11% year-on-year to Rs 228 due to higher interest cost, which also dented its net interest income marginally by Rs 11 crore to Rs 350. The numbers were below the market estimates.
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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.
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LIC Housing Finance (LICHF) is planning to mop up around Rs 28,000 crore to support its loan book growth in 2012-13. The housing finance company may also rejig its borrowing sources to maintain a net interest margin in the range of 2.7-3% during the year.
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Mortgage lender, LIC Housing Finance (LICHF) is gearing up to apply for a new banking license. The company has appointed two four-member committees to make preparations for banking business foray. It has already responded to the Reserve Bank of India against the draft guideline to float a new generation bank.
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Largest housing finance company HDFC on Monday launched a new fixed rate home loan scheme christened as ‘Fixed First’.
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India’s largest housing finance company HDFC on Tuesday hiked its retail prime lending rate (RPLR) by 50 bps to 16.50% on its loans with effect from August 01, 2011. LIC Housing Finance or LICHFC may soon join the race.
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LIC Housing Finance, a mortgage lender, April-June net profit rose at a slower pace at 21% year-on-year to Rs 256.50 crore on the back of a sluggish real estate market. Net interest margin sequentially declined by 67 points to 2.78%, suggesting the underlying margin pressure due to rising cost of funds.
