LIC Housing targets Rs 560 cr biz from E-Region

Hindu Business Line, April 29, 2009

BERHAMPUR (ORISSA): LIC Housing Finance Ltd (LICHFL) has set a business target of Rs 560 crore from the country's eastern region, which also comprise the north eastern states, during the current financial year.

The target is about Rs 160 crore more than in 2007-08, company regional manager A Mr K Mahato said here yesterday. In order to achieve the target, the company planned to open at least two more business centres in the region during the current month. The new business centres were set up here and in Cuttack taking the total number to four in Orissa and 15 in the eastern region.

The new office here would cater to the needs of the customers of southern Orissa districts of Ganjam, Gajapati, Rayagada, Koraput, Kalahandi and Kandhamal. LICHFL is the second largest financing company in the country with 126 marketing units across the country and 934 direct selling agents, 4,865 home loan agents and 485 customer relationship associates, Mr Mahato said. – PTI