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LIC Housing Finance Limited ( LIC HFL) is one of the largest mortgage and loan companies in India, with a registered corporate office in Mumbai. It is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. It also finances the repair and renovation of existing residences and ...
Life Insurance Corporation of India (LIC) is an Indian multinational Central Public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [ 3 ]
The scam was discovered shortly after the 2010 Commonwealth Games corruption controversy and the Adarsh Housing Society Mumbai scam. The investors were rattled as news of the arrests broke in Mumbai. The share of the LIC Housing Finance, Central Bank of India, Punjab National Bank, Bank of India as well as other banking and real-estate stock ...
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An ordinance was issued on 19 January 1956, nationalising the life-insurance sector, and the Life Insurance Corporation was established that year. The LIC absorbed 154 Indian and 16 non-Indian insurers and 75 provident societies. The LIC had a monopoly until the late 1990s, when the insurance industry was reopened to the private sector.
AUM. ₹1,11,086 crore [1] Number of employees. 9,500+ (2018) [1] Parent. Piramal Group. Website. www .piramalfinance .com. Piramal Capital and Housing Finance Limited (earlier Dewan Housing Finance Corporation Ltd. ( DHFL )) is a non-deposit taking housing finance company, headquartered in Mumbai with branches in major cities across India.
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn, a global investment company. [5] As of 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. [ 5 ]
Shriram Housing Finance is a subsidiary of Shriram Finance and mainly provides home loan services. [ 12 ] Shriram Life Insurance is the life insurance arm of the group, and a joint venture between Shriram Group and South African company Sanlam .