As of June-end, L&T Finance's overall loan book stood at ₹78,734 crore, of which retail loans accounted for 88%. The non-banking finance company (NBFC) in 2022 had published its vision 2026 plan, wherein it stated that it will increase share of retail loans in its overall loan book to over 80% by 2026 and cut down the share of wholesale loans.
"Since we have already achieved 80% (of retail loans in overall book), we have now revisited that (vision 2026 plan) and said that we should actually go beyond 90%," Joshi said.
He added that out of the NBFC's total wholesale loans of ₹9,255 crore as of June-end, about ₹3,000 crore to ₹4,000 crore will be run down by way of sale to banks and other large lending institutions.
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