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LIC Housing Finance’s internet earnings down 81% to Rs 153.44 crore in Q1 FY22

Mortgage financier LIC Housing Finance (LIC HFL) on Thursday said an eighty-one per cent decline in its standalone internet income at Rs 153.44 crore in the quarter ended June due to accelerated provisioning for non-performing loans. The lender had stated earnings after tax of Rs 817.48 crore in the corresponding quarter of the preceding fiscal. […]