L&T Finance is aiming at a 25-per cent compound annual growth rate (CAGR) over the next few years, with focus on consolidating its retail lending business. The financial services arm of Larsen & Toubro plans to completely exit the wholesale segment by 2026, transforming itself into a 100 per cent retail non-banking financial company (NBFC) from nearly 94 per cent at present.
The company's new offering - 'Complete Home Loan' - signifies a fresh impetus to its mortgage business. The lender also expects this product to surpass microfinance in terms of book size in the near future.
L&T Finance (formerly known as L&T Finance Holdings) is one of the leading Non-Banking Financial Companies in India, with a strong presence across the lending business catering to the diverse financing needs of served and underserved customers.
