For 3QFY2016, LIC Housing Finance (LICHF) reported an earnings growth of 21.7% yoy with healthy growth of 35.0% yoy in net interest income, led by healthy growth in advances and stable margins. NII rises yoy; Impressive NIMs LICHFs loan book grew at a healthy pace of 15.2% yoy to Rs1,17,396cr during 3QFY2016. The individual portfolio, which constitutes 97% of the total loan book, grew by 15% yoy. Loans to the developer segment, which saw a reversal trend from the past quarter, continued its upward momentum growing by 20% yoy to Rs3,091cr. Total disbursements growth was of ~10% yoy. Margins during the quarter were at 2.58% as compared to 2.20% in the corresponding quarter of the previous year. A significant decline in the cost of funds to 9.18% as compared to 9.59% in the corresponding previous year period along with increase in floating rate loans to 40% of the total loan portfolio aided the company in registering a healthy growth in the NIM by 38bp yoy to 2.58%. On the asset quality front, the Gross NPA ratio came in at 0.58% which declined by 2bp qoq, whereas the Net NPA ratio was stable at 0.32%. Provisions rose to Rs34.4cr compared to...