Tag: LIC Housing Finance

Latest StoriesRecent Stories

Birla Opus Paints files abuse complaint with CCI against Asian Paints

Asian Paints shares will be in focus on Monday after Birla Opus Paints, a unit of the Birla Group, filed a complaint with the Competition Commission of India (CCI), accusing the company of abuse of dominance, according to sources cited by CNBC-TV18. Grasim Industries, which owns Birla Opus Paints, reportedly filed the complaint in November 2024, alleging that Asian Paints threatened dealers with reduced credit limits and withdrawal of contracts if they engaged with Grasim. The complaint also accuses Asian Paints of delaying supplies and restricting access to tinting machines as a pressure tactic. Asian Paints, India’s largest paint manufacturer,…

Housing Finance

LIC Housing Finance appoints Lokesh Mundhra as CFO

representative image NEW DELHI: LIC Housing Finance has appointed Lokesh Mundhra as Chief Financial Officer (CFO) effective Thursday. In a regulatory filing, LIC Housing Finance said Sudipto Sil, who was serving as CFO, has been transferred and redesignated as Marketing Head of Western Region at Mumbai with effect from April 17, 2025. “The Board of Directors … has approved appointment of Lokesh Mundhra, as a Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from April 17, 2025,” LIC Housing said. Mundhra , a Chartered Accountant, has served under various roles at LIC of India…

Housing Finance

LIC Housing Finance cuts lending rate by 25 bps

NEW DELHI: Mortgage firm LIC Housing Finance on Friday said it has slashed its benchmark lending rate by 25 basis points following the recent policy rate cut by the Reserve Bank of India. This reduction in LIC Housing Prime Lending Rate (LHPLR), will benefit both existing and new borrowers by making home loans more affordable, the LIC subsidiary said in a statement. The revised interest rates will now start from 8 per cent and will come into effect from April 28, it said. The LHPLR serves as the benchmark rate for determining the interest rates on all types of loans,…

Housing Finance

National Housing Bank expects RMBS firms to raise over Rs 10,000 crore in FY26

representative image MUMBAI: The country’s maiden residential mortgage-backed securities were listed on the market on Monday, and housing finance regulator NHB said it expects firms to raise over Rs 10,000 crore through the route this fiscal. The National Housing Bank-promoted RMBS Development Company (RDCL) listed the first-ever set of securities of Rs 1,000 crore maturing in 20 years with a coupon of 7.26 per cent payable monthly, on the NSE. NHB Managing Director and Chief Executive Sanjay Shukla said he expects up to 10 more such transactions in the fiscal year through which lenders will raise between Rs 10,000-12,000 crore.…