GIC Housing Finance Ltd.

NSE: GICHSGFIN | BSE: 511676 | ISIN: INE289B01019 | Industry: Housing Finance
| Mid-range Performer

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GIC Housing Finance Ltd.
22 Mar 2018, 12:00AM
172.62
-1.88%
Choice India
GIC Housing Finance Ltd. (GICHF), incorporated in Dec 1989, is one of the old housing finance companies in India. Loan book of the company has been growing at significant at ~20% over the past few quarters, NIM was maintained at around 3.8%. While competitive lending rate and rising yield can put pressure on margins, the company is moving into a ambit of strong growth and profitability which would provide support to sustain NIM at comfortable level. GNPA at 3.3% by Q3FY18 was on higher side compared to peers, efforts related to R&U; of NPAs and reducing exposure to LAP portfolio are the key GICHF's initiatives towards improving assets...
GIC Housing Finance Ltd.'s price crossed below 30Day SMA today
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