“This revised PLR shall be applicable in respect of both existing loans and new disbursals, in accordance with the relevant clauses in the Facility Agreements,” it said.
L&T Infrastructure Finance Company Ltd is a wholly-owned subsidiary of L&T Finance Holdings Ltd. The unit has a an asset (loan) book of over Rs 20,000 crores as of 30 June 2015.
“Consequent to the reduction in RBI’s repo rate, the cost of borrowings for banks and financial institutions – including for L&T Infra Finance has also been reduced. Accordingly, in order to pass on the benefit of such reduced borrowing costs to its customers, L&T Infra Finance has decided to
L&T Infra Finance would continue to monitor the monetary policy measures by RBI, and review its PLR periodically,” the company added.