-0.60 (-0.20%) Larsen and Toubro (L&T) Finance Holdings’ subsidiary -- L&T Finance has opened its 1,000th micro finance branch in Kolkata. The company has around 6 lakh micro loan customers in West Bengal. The company is expecting 30% growth in micro loans business catering to the rural sector for the financial year 2018-19.
L&T Finance has also launched an app to facilitate instant loan disbursements for customers including in Tamil Nadu, West Bengal, Odisha, Maharashtra, Karnataka and Kerala.
L&T Finance Holdings is a financial holding company offering a diverse range of financial products and services across the corporate, retail and infrastructure finance sectors, as well as mutual fund products and investment management services, through its direct and indirect wholly-owned subsidiaries.