L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC
L&T Fin sells loan portfolio for Rs 1120 crore under the conventional 15:85 structure. Warasgaon Power, Warasgaon Assets Maintenance, MEP Infrastructure, Supreme Panvel Indapur Tollways, SEW Infrastructure, Supertech Infrastructure, Brassco Engineering Ltd and EMTA Coal are among the 36 accounts sold to Phoenix ARC.
Banking sector in sweet spot; should see robust loan growth this year: BoM MDAs far as the retail segment is concerned, Rajeev said, the housing sector is growing very well, but there are some issues with vehicle loans due to chip shortage.
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