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Uptick in auto demand, improvement in microfinance likely: L&T Finance

Business Standard LogoBusiness Standard4d ago

Uptick in auto demand, improvement in microfinance likely: L&T Finance - Business Standard

Quick Summary:

"Of late, there are reports that the auto industry is seeing some slowdown, but I am very hopeful that on the back of good monsoon that we see, I think during the festive period, we will see a decent uptick both in terms of two-wheelers as well as four-wheelers," L&T finance Managing Director and Chief Executive Officer Sudipta Roy told PTI.

Speaking on the sideline of the three-day Global Fintech Festival, Roy said in terms of loan disbursements, overall, the two-wheeler segment is doing very well, adding that, "post Diwali, the demand has been relatively robust.We have been seeing ...our disbursements going somewhere between 15-20 depending upon the region".

L&T Finance on Wednesday said it is expecting a decent uptick in automobile demand during the festive season on the back of good monsoon and is hopeful of a reasonable improvement in the microfinance segment in the second half of the current fiscal.


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Category: BusinessFinance

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 14:51:30 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 292 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 49 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22290055

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