LIC Housing Finance Q4 profit plunges 39%

There was a deterioration in asset quality, with the gross stage 3 ratio rising to 2.83% in Q4FY20 from 1.58% in Q4FY19. The company stepped up provisioning for bad loans, which rose 71% y-o-y to Rs 2,612 crore.

from Banking & Finance – The Financial Express https://ift.tt/2Ngn5gR