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LIC Housing Finance profit rises

CHENNAI: LIC Housing Finance recorded a growth of 51 per cent in loan sanctions and 40 per cent in disbursements during the first quarter ended June 30, 2010. Total income has risen to Rs. 1,015 crore from

Rs. 782 crore in the year ago period. The net profit has risen by 71 per cent to Rs. 212.02 crore from Rs. 123.84 crore. Net interest margins stood at 3.01 per cent against 2.45 per cent in the same period in the previous year, says a release. — Corporate Reporter

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