LIC Housing Finance Limited Announces Borrowing Budget and Key Appointments
LIC Housing Finance Limited announced several key decisions following a board meeting held on March 25, 2026. The meeting commenced at 2:30 P.M. and concluded at 7:30 P.M.Borrowing Budget Approved for 2026-27
The Board approved a borrowing budget of Rs. 127000 Crore for the financial year 2026-2027. This budget includes potential fundraising through redeemable Non-Convertible Debentures, Zero Couponed Bonds, Tier II Bonds, and other debt instruments, with a potential issuance of up to Rs. 35000 Crore across various tranches. Borrowing methods may include loans, private placements, public issues, refinancing from the National Housing Bank, public and corporate deposits, direct assignments, and other borrowing modes. The approval followed a recommendation from the Audit Committee.Tenure Extension for Chief Risk Officer
The board approved an extension of the tenure for Mr. J. Sangameswar as Chief Risk Officer, effective May 09, 2026, and continuing until April 30, 2028. This decision was based on a recommendation from the Risk Management Committee.New Chief Information Security Officer Appointed
LIC Housing Finance Limited has appointed Mr. Jimit Narendra Shah as Chief Information Security Officer (CISO), effective April 10, 2026, for a period of three years. This appointment was recommended by the Nomination and Remuneration Committee.Source:
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