'Shriram Finance's lending rate may reduce by up to 100 bps in 18 months'

The board of Shriram Finance on Monday approved a $4.4 billion investment by Japan’s MUFG Bank -- the largest foreign direct investment in India’s financial services sector -- for a 20 per cent stake in the country’s second-largest retail non-banking finance company. Shriram Finance Vice-Chairman Umesh Revankar said regulatory approvals are expected by the end of the current financial year. Speaking in New Delhi with Harsh Kumar and Asit Ranjan Mishra, Revankar outlined the implications of the deal. Edited excerpts:

 

Beyond the $4.4 billion investment, how is the partnership with MUFG Bank expected to benefit Shriram Finance?

 

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