LIC Housing Finance

LIC Housing Finance Ltd. (LICHFL) has reached a settlement with the Securities and Exchange Board of India (SEBI), agreeing to pay Rs. 2 crore to resolve a regulatory matter concerning disclosure and compliance norms. The settlement allows the company to avoid prolonged legal proceedings while reaffirming its commitment to transparency and adherence to statutory regulations. Market analysts view the resolution as a proactive measure to maintain investor confidence and mitigate reputational risk.

LIC Housing Finance has announced a reduction in its home loan interest rates, bringing the starting rate down to 7.15%, a move expected to provide meaningful relief to homebuyers and stimulate housing demand. The rate cut comes amid easing inflationary pressures and a more accommodative interest rate environment. Industry experts view the decision as a strategic step to remain competitive in a crowded mortgage market while supporting residential real estate growth.

LIC Housing Finance has announced a 25 basis point reduction in its benchmark lending rate, a strategic move that aligns with the Reserve Bank of India’s recent policy rate cut. Effective April 28, the LIC Housing Prime Lending Rate (LHPLR) will now begin at 8%, making home loans more accessible for both new and existing borrowers. This decision is expected to provide a much-needed boost to housing demand, especially in the affordable and mid-income segments.

LIC Housing Finance Ltd. has announced the appointment of Lokesh Mundhra as its new Chief Financial Officer (CFO), effective April 17, 2025. This leadership transition comes as the former CFO, Sudipto Sil, takes on a new role as Head of Marketing for the Western Region in Mumbai. With over three decades of experience at LIC of India, Mundhra brings a wealth of financial acumen, having served across multiple verticals including finance, legal, and investments.