L&T Finance’s retail disbursals hit record in Q3, but rural, micro slippages weigh on profit

Mumbai: L&T Finance Ltd posted record-high disbursements of retail loans in third quarter ended December, but its asset quality woes—especially in the lender’s microfinance and rural portfolios—weighed on profitability. The non-banking financial services company (NBFC) disbursed retail loans worth ₹15,210 crore during the quarter, up 5% on-year and 0.8% on-quarter, led by healthy growth in…

Read More
Back To Top