L&T Infra Lowers its PLR by 0.50 per cent

04 Dec 2009

1

Infrastructure financier, L&T Infrastructure Finance Company Ltd (L&T Infra), set up as a wholly owned subsidiary of engineering and construction major Larsen & Toubro Ltd has cut its prime lending rate (PLR) by 0.50 per cent from 14 per cent to 13.50 per cent per annum effective 1 December 2009.

The new PLR will be applicable to both existing loans and new disbursals, in accordance with the L&T Infra PLR-linked interest rates.
L&T Infra waas et up under L&T's financial services group for infrastructure sector financing three years ago as an NBFC.

As is customary for all significant players operating in the financial sector, L&T Infra has adopted its own PLR, L&T Infra PLR, reflecting its cost of funds, operating expenses, margins to cover portfolio risk, etc.

Earlier this year during January-April 2009 L&T infra had reduced its PLR in two stages from 15 per cent to 14 per cent. in response to the monetary easing measures adopted by RBI.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more