LIC Housing Finance has managed to keep its NPAs under 1 per cent for more than nine consecutive quarters.

The corporate loan portfolio of LIC Housing Finance Company, whose CEO is accused in a bribery case, constitutes only 11 per cent of its total loan book, as against around eight per cent last year. The retail portfolio, at 89 per cent, constitutes the major portion of the housing finance company's book.

As on September 30, the housing finance company's outstanding home loan portfolio stood at Rs 43,385 crore. Of this, loan to builders and developers works out to around Rs 4,800 crore, as against around Rs 2,600 crore in the year ago period. The asset quality of the corporate loan book is good with the gross non-performing assets from this segment at 0.08 per cent as on October 31, 2010. This is lower than the gross NPAs from the retail segment which stood at 0.84 per cent.

LIC Housing Finance has managed to keep its NPAs under 1 per cent for more than nine consecutive quarters. As on September 30, the net NPAs of the company stood at 0.21 per cent. In the fiscal ended March 2010, the company grew its loan book by 38 per cent and registered a 70 per cent year-on-year growth in disbursements. In the first six months of the current fiscal, LIC HF's loan book expanded by 36 per cent while disbursements were up by 37 per cent.

Source : News Reports


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