Outlook: LICHF has performed decently on loan growth, however margin compression and deterioration in asset quality has impacted profitability. Composition of loan book in home loan segment has reduced to 83% attributable to sharper growth in LAP and developer loans. Management intends to retain home loan book composition above 80%. Spreads are compressed primarily on account of slower reprising of its borrowings as bulk of it is through NCD's which are fixed rate in nature. As a result, despite being triple AAA rated, its cost of funds is relatively on the higher side. Though asset quality on home loan and LAP segment is fairly robust,...