L&T Finance Unveils AI-Powered Strategy to Slash Risk, Costs as Loan Book and Gold Loans Surge
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CNBC TV18•01/12/2025
L&T Finance Unveils AI-Powered Strategy to Slash Risk, Costs as Loan Book and Gold Loans Surge
- •L&T Finance uses AI to cut risk and costs.
- •AI central to underwriting, servicing, and collections.
- •Cyclops model reduces portfolio bounces to below 15%.
- •Automated calls cost ₹38 each, saving on collection costs.
- •L&T Finance targets 2.8-3% return on assets by FY27.
Why it matters: AI driven lending could mean safer loans and lower costs for borrowers and investors.
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