L&t Finance Microfinance

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The other company to receive a licence from the RBI on Wednesday, microfinance firm Bandhan Financial Services. while LIC Housing shares were down 1 percent and L&T Finance stock was down 9 percent at 0654 GMT. The BSE.

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Citing it as a natural extension to their agri-loans, L&T Finance identified microfinance as yet another opportunity and selected BR.net for its microfinance operations initiative. "L&T Finance was looking for a Web-enabled.

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Other applicants include Aditya Birla Nuvo Ltd, Bajaj Finserv Ltd, Department of Posts, J M Financial Ltd, L&T Finance Holdings Ltd, Shriram Capital Ltd and Magma Fincorp Ltd. Microfinance companies Bandhan Financial Services Pvt.

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. falling as much as 6.7% and L&T Finance Holdings Ltd sinking 10.5%. Some analysts warned that the RBI could go slow in granting more approvals. The other company to receive a licence from the RBI on Wednesday, microfinance.

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. various senior level positions in the organization and has been responsible for leading L&T Finance’s foray into Retail.

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Purna Chandra Dakua, branch manager of L&T Finance in Atabira, Bargarh, said loans are not given directly to individuals but to women’s groups. “Our rates are less than those of other microfinance groups. It’s true that our recovery rate is.

L&T Finance Holdings is a financial holding company promoted. two-wheelers, cars, tractors and microfinance is doing well for the past 5-6 quarters. It has increased by 11% in FY14 vis-à-vis FY13. In infrastructure finance, our focus.

In semi-urban and some rural areas, there has been an overlap in services and products among lenders such as Axis Bank, HDFC Bank, L&T Finance and IndusInd Bank. Even in the microfinance lending space, the end products are.

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L&T Finance Holdings Ltd is a NSE & BSE listed company & registered with RBI as an NBFC & CIC. L&T Financial Services is brand name of L&T Finance Holdings Ltd.

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Tata Sons has decided. C. Land & Finance Ltd., which was not included in the list of applicants released orginally, was included. Prominent players in the fray include Aditya Birla Nuvo, Bajaj Finserve, L&T Finance, IDFC, Reliance.

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Mumbai, Oct 25 (PTI) Diversified financial services group L&T Finance Holding today reported a 33 per cent increase. year-on-year growth mainly through increased disbursements in microfinance and housing finance. Wholesale.

L&T Finance Holdings Ltd. The Ministry of Finance has released the draft Micro Financial Sector (Development and Regulation) Bill, 2011, which states that the RBI will be regulating the Indian microfinance sector and will have the.

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The MFIN has 42 NBFC-MFI members, which include SKS Microfinance, Bandhan, Grameen Financial Services, and Trident Microfin, L&T Finance, Ujjivan, and Muthoot Fincorp among others. The RBI had said the membership of NBFC.

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According to the statement, Arvind Ltd, Justdial and L&T Finance Holdings will be included in the index, as per the new changes. In the smallcap index, Adani Power, HDIL, IRB Infrastructure Developers, MTNL, Polaris Financial.

L&T Finance Holdings (LTFH. “This growth was led by disbursements in housing finance, operational projects in renewable energy, microfinance and two-wheeler finance,” said LTFH in a statement. As per regulatory requirements,

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IDFC, a Mumbai-based non-bank financial company, specialises in infrastructure lending, while Bandhan Financial is a microfinance organisation. LIC Housing Finance fell 1.7 percent while L&T Finance Holdings lost 8.7 percent.

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