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L&T Finance to increase retail loan portfolio to 75% of total loan book

In the September quarter, the company's retail book for the first time crossed Rs 50,000-crore milestone

HSBC AMC acquires L&T Finance's mutual fund unit for Rs 3,200 cr
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L&T Finance plans to increase its retail loan portfolio to 75 percent of its total loan book by year

Dev Chatterjee Mumbai
L&T Finance Holdings (LTFH), a subsidiary of Larsen & Toubro, plans to focus on increasing its retail loan book after it sold its mutual funds business to HSBC last year. 

A senior company official said L&T Finance plans to increase its retail loan portfolio to 75 per cent of its total loan book by year-end and significantly reduce exposure to the wholesale book. L&T holds a 66.27 per cent stake in LTFH. L&T Finance Holdings is the holding company for the financial services business of the L&T group, which owns 100 per cent stake in its lending subsidiaries.

“We are expecting demand