LIC Housing Finance expects 10% loan book growth in H2 after another rate hike
LIC Housing Finance CEO Sandeep Kumar targets at least 10% portfolio growth over two quarters, after rate hikes lifted profit 11% in Q2.
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what happened
According to Moody's, LIC Housing Finance CEO Sandeep Kumar expects the company's loan book to grow by at least 10% over the next two quarters, reaching around ₹3.5 lakh crore. The portfolio currently stands at ₹3.26 lakh crore, up 4.6% year on year. Profit rose 11% in the second quarter.
The lender raised lending rates by up to 15 basis points about two months ago, and from today has added up to 25 basis points more on both the existing portfolio and new disbursements. The company is also expanding into loan against property (LAP), project finance and self-employed borrowers, while planning a separate affordable housing vertical next year, subject to board approval.
why it matters
Higher lending rates typically support net interest margins for lenders, but they can also dampen mortgage demand and slow disbursements. Investors in India's housing finance sector will watch both effects as borrowing costs move.
market impact
Indian mortgage lenders: higher rates support margins, but could weigh on loan demand
tags
instruments
sources
- LIC Housing Finance to grow double digit in H2 FY2027; portfolio to jump ₹3.5 lakh crore: Sandeep Kumar — Moody's, 1 November 2026 at 16:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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