RBI must come out with road map for NBFCs to become banks: Umesh Revankar

As and when the RBI comes out with a roadmap, we will relook at the way we do business and make the necessary changes, Umesh Revankar, Executive Vice-Chairman, Shriram Finance said

Shriram Finance, one of the largest retail non-banking financial companies in the country, has seen its net profit go up by 73 per cent in the October-December quarter, owing to a one-time gain from the sale of Shriram Housing Finance. The company's Executive Vice-Chairman, Umesh Revankar, talks to Shine Jacob about the roadmap after the deal, growth in the financial year 2025-2026 (FY26), and the third-quarter results in a telephonic interview. Edited excerpts: 

What's next for you after the Shriram Housing deal? Will you be targeting becoming a bank in the future?

We did the deal because we wanted to focus