Retail loan book surges 23% to reach a record high of Rs 92,200 crore.

L&T Finance Ltd, the lending arm of the Larsen & Toubro Group, has reported a 23% year-on-year rise in its retail loan book to Rs 92,200 crore for the quarter ended December 2024. This represents a significant increase from Rs 74,759 crore in the same quarter last year. The company’s retail disbursements also saw a 4% rise to Rs 15,170 crore. The loans were distributed across various segments, with the urban finance segment seeing the highest uptake at Rs 6,520 crore, followed by farmer finance at Rs 2,490 crore. The SME finance segment also registered growth, rising to Rs 1,240 crore. However, the rural business finance segment declined to Rs 4,590 crore from Rs 5,475 crore in the same period last year. The company’s retailization has increased to 97% in the third quarter of this fiscal, up from 91% in the previous year.