Sharp Dip In Credit Costs, Impact Of Rate Hike On Demand | Y Viswanatha Gowd, LIC Housing Finance

LIC Housing Finance Ltd on Wednesday reported Rs 1,118.64 crore net profit for the fourth quarter of 2021-22 as compared to Rs 398.92 crore recorded in the corresponding period of the previous year, posting year-on-year growth of 180%. Net Interest Income (NII) of LIC Housing Finance rose by 9% to Rs 1,637 crore, as against Rs 1,505 crore for the same period of the previous year. “Our performance during the last quarter has showed a marked improvement on all fronts due to easing of the pandemic situation in India and fueled by some good business initiatives from our company,” said Y Viswanatha Gowd, Managing Director & Chief Executive Officer of LIC Housing Finance Limited. Watch to know more. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | https://bit.ly/SubscribeToETNow To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com Subscribe Now To Our Network Channels:- Times Now: https://bit.ly/SubscribeToTimesNow Mirror Now: https://bit.ly/SubscribeToMirrorNow