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SBI collects Rs 300 cr from zero balance accounts in 5 years: Study

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Longer forbearance will help in conversion to a bank, says Y S Chakravarti

We are not going in for external funding. We have decided that SCUF will fund them, says Shriram Group MD

Shriram Group | small finance banking | MSMEs

Y S Chakravarti 

Y S Chakravarti
Y S Chakravarti, SCUF, managing director and chief executive officer

Shriram City Union (SCUF) has seen a big rebound in its business — collections are up sharply, and the book under moratorium is only at seven per cent. The deposit-accepting shadow bank is at an inflexion point, given the emerging regulatory framework, with the set to revisit its banking ambitions. Y S CHAKRAVARTI, the firm’s managing director and chief executive officer, spoke to Raghu Mohan. Edited excerpts:



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First Published: Mon, April 12 2021. 06:10 IST