The RBI has finalised new risk weight norms for certain retail loans. To qualify, lenders must extend credit to individuals or small businesses with turnover up to ₹500 crore, keeping loans within a ₹10 crore exposure cap per borrower. The loans must also be part of a diversified portfolio where no borrower exceeds 0.2% exposure, and the products must be standard retail categories.
L&T Finance reported a 27 percent rise in March-quarter profit after tax, climbing to Rs 807 crore. The company attributes the jump to higher interest income alongside strong retail loan disbursements. Core net interest also increased, signaling improving earnings momentum driven by consumer credit growth during the quarter.
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