rural loans – Dnyan pravah news

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

adminJanuary 20, 202508 mins

[ad_1] 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…

Business

Bajaj Finance loan loss provisions jump, NBFC to focus on collection efficiency

adminJuly 24, 202409 mins

[ad_1] Mumbai: Bajaj Finance’s loan loss provisions surged in the first quarter (April-June) of this financial year, driven largely by muted collections and higher provisioning requirements for ageing delinquencies. This, the Pune-based non-bank lender said, has prompted it to now focus on improving its collection efficiency, which indicates the proportion of a loan’s repayment amount…