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LIC Housing Fin net up 19.7% to Rs 49 cr
Our Banking Bureau
Mumbai, Oct 30: LIC Housing Finance Ltd (LICHFL) has reported a 19.7 per cent growth in net profit to Rs 49 crore as on September 30, up from Rs 40.94 crore in the corresponding period of the last fiscal. Gross profit stood at Rs 67.13 crore (Rs 54.37 crore). The results were announced by LICHFL's chairman GN Bajpai, after its board meeting in Mumbai on Monday. Total income rose by 25.14 per cent to Rs 375.19 crore (Rs 299.81) during the six-month period. Overall loan sanctions grew by 21.3 per cent to Rs 807.44 crore and disbursements grew by 22.2 per cent to Rs 724.38 crore. Total number of 'dwelling units' financed since its inception stood at 4,32,243 till September 30 this year. The company has chalked out an elaborate plan to sanction 60,000 individual loans. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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