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Hindustan Construction Company (HCC) has asserted on Friday that it has not taken any loans from the LIC Housing Finance and hence its subsidiary Lavasa has nothing to do with the home loan racket which has been recently unearthed by the CBI.
HCC chairman and Managing Director Ajit Gulabchand said that Lavasa had nothing it do with the LIC Housing Finance since they had not taken anything from them.
Central Bureau of Investigation (CBI) arrested LIC Housing Finance CEO Ramachandran Nair and seven others senior bankers in connection with a housing finance racket the remaining arrested are Naresh K Chopra, Secretary (Investment), LIC, R N Tayal, eneral Manager of Bank of India (Delhi), Maninder Singh Johar, Director (Chartered Accountant) of Central Bank of India [...]
LIC Housing Finance Racket and SCAM – CBI Arrests LIC Housing Finance CEO is a post from: First Blog for Indian Financial Market
With most Indian banks increasing their based deposit rates, most non banking finance companies (NBFCs), including housing finance companies are slowly increasing their interest rates on deposits in a bid to woo savers. All major housing finance companies like HDFC, LIC Housing Finance, DHFL and Hudco are now offering over 7% for a one year [...]
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LIC Housing Finance net profit rose 35.51% to Rs 213.51 crore in Qtr ending March 2010 for the financial year 2009-2010 compared to Rs 157.56 crore in qtr ending March 2009. Sales rose 21.86% to Rs 919.33 crore in Qtr ending March 2010 for the financial year 2009-2010 compared to Rs 754.43 crore in [...]
LIC Housing Finance Results – Announces Qtr Ending March 2010 results is a post from: First Blog for Indian Financial Market
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