LIC Housing profit rises six times on loan growth, recoveries
Home loans to individuals grew 15% year on year totalling Rs 2.09 lakh crores at the end of June.Impairment costs fell 63% to Rs 308 crore from Rs 830 crore a year ago boosting profits. Gross NPAs fell to 4.96% against 5.93 % as of June 30, 2021.NIM or the difference between the yield earned on loans and that paid for funds improved to 2.54% from 2.20% a year ago.