L&T finance holdings- Housing Finance still a baby
One of the most important financial holding companies in India; manned and operated by the Larsen & Toubro group is L&T finance holdings, which has aims and ambitions for the country at large. Sources from the company say that the venture plans to become a bank, with an ambition that would show how the incoming government can play a great role in helping make the right decisions for the economy and to show growth prospects and developments too.
When the company was contacted with regard to their strength in the current economic scenario, this is what we have learnt;
- The overall lending asset book is 22 percent
- Retail finance was 34 percent
- Infra finance or wholesale was 44 percent
- The focus of the group at the moment was on consumer-oriented segments, B2C or retail segments as they are known
Disbursements for the B2C or the portfolio for the same which includes two wheelers, tractors, housing, cars and even on microfinance has been reaping in good rewards over the past five to six quarters. The increase on the same has been seen, around eleven percent for 2013-14
This is what is meant by being the baby on the block, hence housing finance needs to grow say sources from L&T.
Housing finance, Housing finance companies, housing finance industry, L&T, Larsen & Toubro, Larsen & Toubro Housing Finance, Larsen and Toubro, Larsen and Toubro Ltd, Larsen and Toubro project, LIC Housing Finance
