NEW DELHI: L&T Housing Finance, a subsidiary of L&T Finance Holdings (LTFH), has increased the prime lending rate (PLR) by 15 bps to 17.50% for all eligible loans linked to PLR, the company said in a media release.As on December 31 2017, the loan book of company's housing finance business stands at Rs 17,193 crore, with disbursements amounting to Rs 3,052 crore in Q3 FY18.
While company's Q4 results are yet to come, it had reported a 62 per cent year-on-year rise in home loan disbursements and the loan book had increased by 49 per cent during the same period.
L&T Housing Finance had disbursed Rs 976 crore in the housing segment while Rs 2076 crore in real estate finance segment in Q3 FY18 .
Its overall profit after tax (PAT) from housing finance business was Rs 129 crore in Q3 FY18.
Source- ET Reatly
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