Why is LIC Housing Finance down?
LIC Housing Finance Ltd’s net profit declined by 68.7 per cent to Rs 247.86 crore in the second quarter ended September 2021 (Q2Fy22) on fall in interest income and sharp rise in expenses for impairments. The net interest margin moderated from 2.34 per cent in Q2Fy21 to 2.0 per cent in Q2Fy22.
Is LIC listing good or bad?
On its Rs 100 crore equity in LIC, LIC had paid Rs 2,697 crore as dividend for FY 2019-20 to the government. From 1956 till date, the company has paid a total dividend of Rs 28,000 crore to the government. So it is wrong to claim that the listing of LIC will protect the interests of policyholdeRs .
Who is promoter of LIC Housing Finance?
LIC of India also holds promoter and controller status in IDBI Bank Ltd from January 2019….Listings and Shareholding.
| Shareholders (as on 31 March 2016) | Shareholding |
|---|---|
| Promoter (LIC) | 40.31\% |
| Foreign Institutional Investors (FII) | 32.45\% |
| Mutual Funds | 10.12\% |
What is the dividend yield of LIC Housing Finance shares?
For the year ending June 2019 LIC Housing Finance has declared an equity dividend of 380.00\% amounting to Rs 7.6 per share. At the current share price of Rs 377.45 this results in a dividend yield of 2.01\%.
What is the main objective of LIC Housing Finance Ltd?
LIC Housing Finance Ltd. is one of thelargest Housing Finance company in India. The main objective of the Company is providing long term finance to individuals for purchase, construction , repair and renovation of new , existing flats , houses.
Is LIC Housing a private or government company?
LIC HOUSING FINANCE LTD. It is not a pure government company and not a pure private company. It is a public limited company . (limited by LIC of India Shareholding/ working like Semigovernment company) Its founder, promoter & controller is Life Insurance Corporation Of INDIA (100℅ GOVT. OF INDIA ORGANISATION).
What are the benefits of working at LIC?
Loans – LIC also provides loans for their employees like two-wheeler loan. Work-Life Balance – One can easily work in this organization. One can easily take breaks during working hours and can do personal interest. Postings – Usually LICs are located in the cities and few in semi-urban areas. So leverage of city life can be expected.