Home loan provider, LIC Housing Finance is aiming to achieve 40% growth in its loan book this financial year and may also go in for seeking a bank license, said a senior executive of the company.

The company has a target of disbursing loans worth Rs 20,000 crore this fiscal.

"We are targeting R20,000 crore in disbursements - that will be around 40 per cent growth over last year," said R.R. Nair, director and chief executive, LICHF.

Nair said LICHF is waiting for Reserve Bank of India's guidelines on banking licences. "We will take the final call after the guidelines are out," he said.

Net Profit of the company for the quarter ended June 2010 was R212 crore, a rise of 71%.