LIC Q3 net dips 1.6% - News Summed Up
LIC Q3 net dips 1.6%

LIC Q3 net dips 1.6%

January 25, 2018 16:07 UTC

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LIC Q3 net dips 1.6%


Retail loans grew by 37% whereas project loan fell by 14%. "Lower disbursement in project finance dragged down the profits while we grew our retail book which is core to housing finance," said Sah. "This is one of the best quarters as far as retail disbursements are concerned. The share of project finance is maintained at around 4% of the book, which is the lowest amongst housing finance companies. 557.25, from its previous close on the Bombay Stock Exchange.


Source: Economic Times January 25, 2018 16:07 UTC



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