Data intelligence pushes L&T Finance Holdings rural loan book to Rs 190 bn

Across the financial services industry, FY 2017-18 saw decreased collections

L&T Finance Holdings (LTFH) has been able to consistently capitalise on the healthy rural economy over the past two years, with its lending business in that space growing from Rs 85.86 billion in June 2016 to Rs 190 billion by June 2018 end. 

Industry has generally accepted that 2017 was an aberration or ‘outlier’ year as the government delivered several macroeconomic shocks to the economy. For those in the rural economy, the cash crunch post demonetisation was especially detrimental. 

This undoubtedly impacted the rural economy, as the growth rate in terms of gross value added (GVA) in agriculture declined