L&T Finance Holding on Friday said the company was looking to exit from its ₹8,660-crore structured finance and debt capital market (DCM) business. The firm has exited from its supply chain finance business. L&T Finance said it is looking to focus on core businesses such as rural lending, housing finance and infrastructure finance, and will look to build two business segments, including SME and consumer loans. “In order to concentrate better on businesses where L&T Finance has ‘right to win’, it has de-emphasized the structured finance and DCM book, where it is a marginal player, and made them part of the defocused book," the firm in a release. The NBFC on Friday reported 2% jump in net profit to ₹549 crore in the June quarter against ₹538 crore a year ago.

Source: Mint July 19, 2019 16:52 UTC