LIC Housing Finance (LICHFL) plans to launch a financial services subsidiary in this quarter, a top company official said.

"We are launching our financial services subsidiary called LIC Housing Finance Financial Services, which will help us improve our disbursement of loans and other financial products, during the quarter," LICHFL's Director and Chief Executive R R Nair told PTI here.

The first office would be operational in Mumbai and subsequently the company plans to open offices pan-India, he said.