Latest news with #RBI-mandated
Business Standard
08-07-2025
- Business
- Business Standard
L & T Finance Ltd. Launches a Comprehensive Financial Awareness Drive
NewsVoir Mumbai (Maharashtra) [India], July 8: L & T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has launched a comprehensive financial awareness drive aimed at empowering diverse communities across India. The initiative will deliver vital information to a wide spectrum of target groups, ensuring that diverse populations have the knowledge and tools to navigate financial decisions confidently and securely. LTF will specifically focus on reaching and benefiting rural women, senior citizens, both rural and urban youth, self-employed individuals, salaried professionals, and students with this initiative. The campaign will address a broad range of essential financial topics, providing practical guidance and promoting responsible financial behaviour. Key themes include RBI-mandated customer rights, account operation guidelines, and loan management education amongst others. Furthermore, the Company will promote essential aspects such as safeguarding digital banking and online transactions, especially in rural communities, and combating digital fraud. Mr. Raju Dodti, Chief Operating Officer at LTF, said, "At L & T Finance Ltd., we recognise the critical importance of financial literacy in empowering individuals and building a financially secure society. This initiative reflects our commitment to providing accessible and practical knowledge across diverse communities, enabling them to navigate the evolving financial landscape with confidence and resilience. By leveraging a multi-channel approach and engaging content, we aim to reach out to about 6.5 Crore individuals so they can make informed decisions and protect themselves from frauds." To maximise the reach and effectiveness of the initiative, LTF will employ a strategic multi-channel approach, integrating owned and digital platforms with community engagement. This will involve establishing a dedicated online page for financial literacy on the corporate website, deploying timely awareness campaigns through push and in-app notifications, engaging diverse audiences through targeted and interactive social media content, delivering concise and actionable information directly to customers via SMS and WhatsApp messaging, and expanding reach and impact through on-the-ground activations facilitated by the Digital Sakhi program, ensuring information reaches even the most remote communities. In addition, the Company will effectively utilise LTF's established risk awareness mascot, 'Sachet Kumar,' and its widely recognised campaign tagline, 'Jaankar Baniye Savdhaan Rahiye,' to deliver crucial messages on financial fraud prevention in a memorable and impactful way. LTF will also employ visually engaging comic strips to illustrate complex fraud scenarios and prevention techniques in an easy-to-understand format; publishing informative articles that provide detailed explanations of specific financial topics, offering valuable resources for those seeking deeper knowledge; and developing dynamic and informative videos to enhance understanding of complex financial concepts through clear visuals and concise explanations. L & T Finance Ltd. (LTF) ( ) formerly known as L & T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated 'AAA' -- the highest credit rating for NBFCs -- by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work® and has also won many prestigious awards for its flagship CSR project - "Digital Sakhi"- which focuses on women's empowerment and digital and financial inclusion. Under Right to Win, being in the 'right businesses' has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company's strategic roadmap - Lakshya 2026. The Company has around 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.
The Wire
08-07-2025
- Business
- The Wire
L&T Finance Ltd. Launches a Comprehensive Financial Awareness Drive
Mumbai, Maharashtra, India (NewsVoir) L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has launched a comprehensive financial awareness drive aimed at empowering diverse communities across India. The initiative will deliver vital information to a wide spectrum of target groups, ensuring that diverse populations have the knowledge and tools to navigate financial decisions confidently and securely. LTF will specifically focus on reaching and benefiting rural women, senior citizens, both rural and urban youth, self-employed individuals, salaried professionals, and students with this initiative. The campaign will address a broad range of essential financial topics, providing practical guidance and promoting responsible financial behaviour. Key themes include RBI-mandated customer rights, account operation guidelines, and loan management education amongst others. Furthermore, the Company will promote essential aspects such as safeguarding digital banking and online transactions, especially in rural communities, and combating digital fraud. Mr. Raju Dodti, Chief Operating Officer at LTF, said, "At L&T Finance Ltd., we recognise the critical importance of financial literacy in empowering individuals and building a financially secure society. This initiative reflects our commitment to providing accessible and practical knowledge across diverse communities, enabling them to navigate the evolving financial landscape with confidence and resilience. By leveraging a multi-channel approach and engaging content, we aim to reach out to about 6.5 Crore individuals so they can make informed decisions and protect themselves from frauds.' To maximise the reach and effectiveness of the initiative, LTF will employ a strategic multi-channel approach, integrating owned and digital platforms with community engagement. This will involve establishing a dedicated online page for financial literacy on the corporate website, deploying timely awareness campaigns through push and in-app notifications, engaging diverse audiences through targeted and interactive social media content, delivering concise and actionable information directly to customers via SMS and WhatsApp messaging, and expanding reach and impact through on-the-ground activations facilitated by the Digital Sakhi program, ensuring information reaches even the most remote communities. In addition, the Company will effectively utilise LTF's established risk awareness mascot, 'Sachet Kumar,' and its widely recognised campaign tagline, 'Jaankar Baniye Savdhaan Rahiye,' to deliver crucial messages on financial fraud prevention in a memorable and impactful way. LTF will also employ visually engaging comic strips to illustrate complex fraud scenarios and prevention techniques in an easy-to-understand format; publishing informative articles that provide detailed explanations of specific financial topics, offering valuable resources for those seeking deeper knowledge; and developing dynamic and informative videos to enhance understanding of complex financial concepts through clear visuals and concise explanations. About L&T Finance Ltd. (LTF) L&T Finance Ltd. (LTF) ( ) formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated 'AAA' — the highest credit rating for NBFCs — by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work® and has also won many prestigious awards for its flagship CSR project – 'Digital Sakhi'- which focuses on women's empowerment and digital and financial inclusion. Under Right to Win, being in the 'right businesses' has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company's strategic roadmap - Lakshya 2026. The Company has around 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers. LinkedIn: Instagram: YouTube: X: Facebook: (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
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Fashion Value Chain
08-07-2025
- Business
- Fashion Value Chain
L&T Finance Ltd. Launches a Comprehensive Financial Awareness Drive
L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in the country, has launched a comprehensive financial awareness drive aimed at empowering diverse communities across India. Sachet Kumar, LTFs fraud awareness mascot, provides essential fraud prevention tips The initiative will deliver vital information to a wide spectrum of target groups, ensuring that diverse populations have the knowledge and tools to navigate financial decisions confidently and securely. LTF will specifically focus on reaching and benefiting rural women, senior citizens, both rural and urban youth, self-employed individuals, salaried professionals, and students with this initiative. The campaign will address a broad range of essential financial topics, providing practical guidance and promoting responsible financial behaviour. Key themes include RBI-mandated customer rights, account operation guidelines, and loan management education amongst others. Furthermore, the Company will promote essential aspects such as safeguarding digital banking and online transactions, especially in rural communities, and combating digital fraud. Mr. Raju Dodti, Chief Operating Officer at LTF, said, 'At L&T Finance Ltd., we recognise the critical importance of financial literacy in empowering individuals and building a financially secure society. This initiative reflects our commitment to providing accessible and practical knowledge across diverse communities, enabling them to navigate the evolving financial landscape with confidence and resilience. By leveraging a multi-channel approach and engaging content, we aim to reach out to about 6.5 Crore individuals so they can make informed decisions and protect themselves from frauds.' To maximise the reach and effectiveness of the initiative, LTF will employ a strategic multi-channel approach, integrating owned and digital platforms with community engagement. This will involve establishing a dedicated online page for financial literacy on the corporate website, deploying timely awareness campaigns through push and in-app notifications, engaging diverse audiences through targeted and interactive social media content, delivering concise and actionable information directly to customers via SMS and WhatsApp messaging, and expanding reach and impact through on-the-ground activations facilitated by the Digital Sakhi program, ensuring information reaches even the most remote communities. In addition, the Company will effectively utiliseLTF's established risk awareness mascot, 'Sachet Kumar,' and its widely recognised campaign tagline, 'Jaankar Baniye Savdhaan Rahiye,' to deliver crucial messages on financial fraud prevention in a memorable and impactful way. LTF will also employ visually engaging comic strips to illustrate complex fraud scenarios and prevention techniques in an easy-to-understand format; publishing informative articles that provide detailed explanations of specific financial topics, offering valuable resources for those seeking deeper knowledge; and developing dynamic and informative videos to enhance understanding of complex financial concepts through clear visuals and concise explanations. About L&T Finance Ltd. (LTF) L&T Finance Ltd. (LTF) ( ) formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated 'AAA' – the highest credit rating for NBFCs – by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work and has also won many prestigious awards for its flagship CSR project – 'Digital Sakhi'- which focuses on womens empowerment and digital and financial inclusion. Under Right to Win, being in the 'right businesses' has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company's strategic roadmap – Lakshya 2026. The Company has around 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers. LinkedIn: Instagram: YouTube: X: Facebook:
Time of India
25-05-2025
- Business
- Time of India
Kerala Financial Corporation reports record profits for FY 2024-25
T'puram: Kerala Financial Corporation (KFC) reported a record performance for the 2024-25 financial year with a net profit of Rs.98.16 crore – an increase of 32.56% from the previous year. The corporation's loan portfolio crossed the Rs 8,000-crore milestone for the first time, reaching Rs 8,011.99 crore, while its net worth increased to Rs 1,328.83 crore, underlining robust financial growth. "The state govt infused a capital of Rs 920 crore into KFC, including Rs 500 crore during this govt's tenure. This support enabled KFC to offer loans to MSMEs at interest rates starting from just 5%. The growth of KFC mirrors the broader progress in Kerala's industrial sector," said finance minister KN Balagopal. The infusion of Rs 200 crore in share capital in FY 2024–25 helped KFC significantly strengthen its capital adequacy ratio (CRAR), now at 28.26%, well above the RBI-mandated minimum of 15% for NBFCs. In addition, KFC achieved notable progress in asset quality, bringing gross NPA down to 2.67% (from 2.88%) and net NPA to 0.61% (from 0.68%). During the year, KFC sanctioned Rs 4,002.57 crore loans to MSMEs, startups, and other sectors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng với sàn môi giới tin cậy IC Markets Đăng ký Undo Total loan disbursement came to Rs 3,918.40 crore, and the total loan recovery was Rs 3,980.76 crore. Under CM's Entrepreneurship Development Programme (CMEDP), KFC supported 3,028 MSMEs with Rs 1,030.89 crore loans at 5% interest, generating an estimated 81,634 direct and indirect employment opportunities. Additionally, under the Startup Kerala Scheme, 72 startups were assisted with Rs 95.20 crore as collateral-free loans, promoting innovation and entrepreneurship across the state. KFC aims to achieve a loan portfolio of Rs 10,000 crore by the end of this year. To meet this ambitious target, the corporation plans to diversify its operations into new sectors, with a continued focus on supporting MSMEs, the tourism industry, and startups. To enhance operational efficiency and deliver superior services, KFC will undergo a comprehensive digital transformation this year. This includes modernising its offices and infrastructure, as well as providing quality training to its staff.
Time of India
25-05-2025
- Business
- Time of India
Bank holidays 2025: Are banks closed on Monday, May 26? Check here
Bank holidays Monday, May 26: In India, banks stay closed on specific days due to national, state-level, and RBI-mandated holidays. As per the RBI holiday calendar, Monday, May 26, 2025, will be a bank holiday in Tripura to mark the birthday of Kazi Nazrul Islam. Keep reading to know the complete list of bank holidays in May 2025, including details on bank holidays on Monday, the types of RBI-declared holidays, and how customers can still access services online. Why Are Banks Closed on May 26, 2025? Banks in Tripura will remain shut on Monday, May 26, 2025, to honour the birth anniversary of Kazi Nazrul Islam. Known as the 'Rebel Poet,' Kazi Nazrul Islam was a legendary Bengali writer, poet, journalist, and musician. His works championed equality, social justice, human values, and resistance against colonial rule. His fearless voice continues to inspire generations. If you're planning to visit a bank in Tripura around this date, make sure to check the RBI holiday list in advance to avoid any inconvenience. Bank Holidays in May 2025: Full List Here is the complete list of bank holidays in May 2025 declared by the Reserve Bank of India (RBI), including public holidays and region-specific closures: May 1 (Thursday) – Maharashtra Din / Labour Day May 9 (Friday) – Birthday of Rabindranath Tagore May 12 (Monday) – Buddha Purnima May 16 (Friday) – State Day May 26 (Monday) – Birthday of Kazi Nazrul Islam – Check here May 29 (Thursday) – Maharana Pratap Jayanti Besides these, banks will remain closed on all Sundays and the second and fourth Saturdays of the month, as per the RBI mandate. If a bank holiday falls on a Monday, like in the case of May 26, customers can expect a long weekend. RBI's Classification of Bank Holidays The Reserve Bank of India (RBI) divides bank holidays 2025 into three main categories: Holidays under the Negotiable Instruments Act Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement (RTGS) holidays Bank account closing holidays Each category affects bank operations differently, especially regarding back-end processing and fund settlements. What Services Will Be Available During Bank Holidays? Even on days when physical bank branches remain closed, customers can still use several services online: Internet banking and mobile apps for fund transfers, balance checks, and payments NEFT/RTGS fund transfers (as per availability) ATM services and card payments Requests for chequebooks, DDs, or account updates through digital channels So, whether it's a bank holiday on Monday or any other day, your banking needs can still be met digitally. How to Check Bank Holidays in Your City? To check whether your bank is open on a particular day: Visit the official RBI website Look for regional bank holiday notifications Check notices posted in your local bank branch Staying updated helps you plan your visits better, especially during months with multiple closures like May. If you're living in or travelling to Tripura, take note that Monday, May 26, 2025, will be a bank holiday due to Kazi Nazrul Islam's birthday – check here for the official RBI holiday list. With several bank holidays in May 2025, including bank holidays on Monday, it's wise to complete important banking tasks in advance or rely on online options for uninterrupted service. For more informative articles on historical and upcoming events from around the world, please visit Indiatimes Events.
