Current Affairs - Finance - Discussion

L&T Finance Ltd. transitioned from being an NBFC-Core Investment Company (NBFC-CIC) to a Non-Banking Financial Company (Investment and Credit Company) (NBFC-ICC) following the merger of its wholly-owned subsidiaries. The Reserve Bank of India (RBI) issued the certificate of registration on August 2. This shift is significant as it marks L&T Finance's enhanced focus on investment and credit, although it does not alter the company's compliance with the NBFC-ICC guidelines.