LIC Housig Finance gains on opening remodeled back office in Guwahati
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LIC Housing Finance is currently trading at Rs. 382.95, up by 0.80 points or 0.21% from its previous closing of Rs. 382.15 on the BSE.
The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 385.00 and Rs. 378.60 respectively. So far 53622 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.35 on 11-Jun-2021 and a 52 week low of Rs. 334.50 on 22-Dec-2020.
Last one week high and low of the scrip stood at Rs. 389.30 and Rs. 367.45 respectively. The current market cap of the company is Rs. 21149.92 crore.
The promoters holding in the company stood at 45.24%, while Institutions and Non-Institutions held 39.03% and 15.73% respectively.
LIC Housing Finance has opened its remodeled back office in Guwahati, Assam. The aim is to bringing down the processing time for home loan aspirants besides improving customer convenience.
The processing at Guwahati back office will leverage the tools under Project Red in conjunction with ‘HomY’ App to ensure delivery of entire home loan service at customer's doorstep. The existing customer base under Guwahati back office is approximately 17,000 with an outstanding portfolio of more than Rs 2100 crore. The company has started its digital transformation in October 2020 through Project Red.
LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.
