LIC Housing Finance aims to more than double the share of affordable housing loans to 20-25% in the next two years. The home finance arm witnessed slower loan growth in the December quarter due to internal restructuring and management changes. The company has been focused on salaried and high credit scores segment, leading to a lower focus on affordable housing finance. The CEO stated that the segment provides growth opportunities and wider margins. The PM Awas Yojana will aid in generating demand for affordable housing, making the company upbeat.
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