Published on June 16, 2025
In AI Features

L&T Finance Hopes Project Cyclops Would Be 90% Agentic One Day

“I’ve seen demos where agents can do EDA, generate train-test sets, build models, and write documentation—all with very little human intervention,” Debarag Banerjee said. “That future, where something like Project Cyclops is 90% agent-driven, would be wonderful.”

Image by Diksha Mishra

By Mohit Pandey

In the world of finance, the use of AI is tricky owing to privacy issues, the dreaded risk of hallucinations and the guardrails. Given that modern systems are increasingly getting foolproof, there is a huge opportunity for changing the industry with agents—all with a little fine-tuning. Debarag Banerjee, chief AI and data officer at L&T Finance, spoke with AIM about how the firm is steadily moving away from rules-based automation towards a future led by agents. The most important and real transformation happening under the hood is with Project Cyclops, L&T Finance’s proprietary AI stack for real-time, high-accuracy credit decisioning. “We launched this with our two-wheeler portfolio last year. It now handles 100% of those loans,” Banerjee said. “This year,

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Mohit Pandey

Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.