L&T Finance increase rural focus, opens 1,000th meeting center

Mumbai, Jun 20 (PTI): As part of its increased rural focus, L&T Finance Holdings today opened the 1000th meeting center in Kolkata for its micro-loans business.The company has also launched an app tha

Mumbai, Jun 20 (PTI): As part of its increased rural focus, L&T Finance Holdings today opened the 1000th meeting center in Kolkata for its micro-loans business.

The company has also launched an app that will enable seamless customer on-boarding by providing instant loan sanctioning for micro-loans, which as of March 2018 stood at Rs 7,549 crore with a customer base of about 38.2 lakh women across 57,500 villages.

Sunil Prabhune, chief executive for rural finance and chief human resources officer at the company said, over 30 per cent of the total disbursements of Rs 7214 crore in FY18 was added by the new meeting centers launched during that period.

In line with our strategy of reaching out to hitherto unbanked customers, we are continuously increasing our footprint in new geographies, he added.

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Myntra launches wearable device

Fashion portal Myntra has entered the smart wearable device market with an inhouse product, Blink Go, which allows users to monitor their fitness parameters and set personal fitness goals and is priced at Rs 4,199.

The product features top-of-the-line specs in its category at a competitive price point. These include, activity tracking, such as steps, distance, calories, sleep and heart rate sensor and comes with colour TFT display and designer straps.

The device can also be synced with smartphones to receive standard alerts and notifications, the company said in a statement.

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Canara HSBC OBC Life launches Ulip policy Canara HSBC Oriental Bank of Commerce Life today launched a new unit-linked non-participating life insurance plan ‘Titanium Plus’ offering life protection with flexibility in the payment terms.

The plan provides an unmatched combination of portfolio management options and flexibilities, this product gives a complete control over the savings, a release said.

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Aviva Life launches offers online will writing service Aviva Life today launched a free online will-writing service, which will help anyone create an online will in just three simple steps

The platform is a way of enabling people to understand that as they earn and acquire assets, they need to ensure a smoother transition to pass on their possessions to their loved ones in a structured manner, which can be done through a will, the company said.

This is published unedited from the PTI feed.