LIC Housing Finance Secures ₹127,000 Crore Borrowing Budget for FY2026-27
LIC Housing Finance Ltd. announced on March 25, 2026, that its Board of Directors approved a borrowing budget of ₹127,000 Crore for the financial year 2026-2027. The budget, recommended by the Audit Committee, allows for borrowing through various instruments including loans, redeemable non-convertible debentures, zero couponed bonds, subordinate debt, upper tier II bonds, commercial paper, external commercial borrowing, bonds, foreign currency bonds, securitization, and deposits. The approval includes a potential fund raising of up to ₹35,000 Crore through redeemable non-convertible debentures, zero couponed bonds, and Tier II Bonds.Extension of Chief Risk Officer Tenure and Appointment of CISO
The Board also approved the extension of Mr. J. Sangameswar's tenure as Chief Risk Officer, effective May 9, 2026, through April 30, 2028. Additionally, Mr. Jimit Narendra Shah was appointed as Chief Information Security Officer (CISO) for a period of three years, commencing April 10, 2026.Source:
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