NEW DELHI, Nov. 3 -- LIC Housing Finance Ltd (LIC HFL) recovered Rs.553 crore from its retail portfolio during the September quarter, while another Rs.84 crore was recovered from written-off accounts as the lender stepped up efforts to improve asset quality and bring its gross non-performing asset (GNPA) ratio down to 1.9% by the end of FY27.

Managing director and chief executive officer Sandeep Kumar said some large-ticket cases were also in the pipeline for resolution in the December and March quarters, which could support the company's bottom line.

The company's GNPA ratio stood at 2.05% as of 30 September, compared with 2.51% a year earlier and 2.14% at the end of the June quarter.

"We are very confident that we will surpass the fi...