At the end of FY25, the lender’s asset quality has improved to 1.08%, compared to 1.5% a year earlier. The goal for this year is to reduce the gross non-performing assets (NPA) to below 1%.
NEW DELHI: LIC Housing Finance has announced a 9.9% rise in its net consolidated profit after tax to ₹1,499.03 crore for the quarter ending June 30, 2026, compared to ₹1,364 crore during the same period last year. The company’s net consolidated total income for Q1 FY27 fell by 1.4% to ₹7,085.58 crore, down from ₹7,186.47 crore in Q1 FY26. Total disbursements grew by 14.5% year-on-year to ₹15,014 crore, up from ₹13,116 crore. Disbursements in the individual home loan segment increased by 8% to ₹12,119 crore from ₹11,247 crore, while non-housing individual loan disbursements surged by 20% to ₹1,975 crore, compared…
Sammaan Capital is set to enhance its focus on affordable housing loans following a $1 billion investment from Abu Dhabi’s International Holding Company (IHC), as stated by CEO Gagan Banga in an interview with Reuters. With affordable housing being a crucial growth sector, Banga mentioned that the IHC’s investment will provide “even greater momentum” as Sammaan aims for an assets under management (AUM) target of 1 trillion Indian rupees (approximately $11.27 billion) by the financial year 2027. To facilitate this expansion, Sammaan plans to establish around 10 new branches each month, predominantly in tier-4 and tier-5 cities and outlying areas…
NEW DELHI: Truhome Finance, backed by private equity firm Warburg Pincus, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) seeking to raise ₹3,000 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares totaling ₹1,500 crore and an offer for sale (OFS) of equity shares also valued at ₹1,500 crore from its promoter, Mango Crest Investment Ltd, as detailed in the draft red herring prospectus (DRHP). The funds raised from the fresh share issue will be used to strengthen the capital base to satisfy future funding needs, including…