The RBI has announced liquidity infusion of nearly ₹3 trillion into the banking system.
Shriram Finance Vice-Chairman Umesh Revankar said regulatory approvals are expected by the end of the current financial year
Japan-based Mitsubishi UFJ Financial Group will invest nearly Rs 39,618 crore to acquire a 20 per cent stake in Shriram Finance through a preferential share issue
Some experts also said that with a significantly strengthened capital base, the lender may consider a move towards becoming a universal bank
Shriram group may still stay promoter after $4 bn deal
Shriram's shares have risen almost 50 per cent this year, giving the Mumbai-based financial services firm a market value of roughly $18 billion
Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Friday reported a 7 per cent increase in consolidated net profit at Rs 2,314 crore in the second quarter of the current fiscal year. The NBFC firm had earned a consolidated net profit of Rs 2,153 crore in the second quarter of the previous fiscal. Total income rose to Rs 11,921 crore in the quarter under review, from Rs 10,097 crore in the same period a year ago, Shriram Finance said in a regulatory filing. The NBFC firm earned an interest income of Rs 11,551 crore in the quarter as against Rs 9,815 crore in the same period a year ago. Total expenses also moved up to Rs 8,808 crore, as compared to Rs 7,345 crore in the same period in the previous fiscal. The company's asset quality improved with gross Non-Performing Assets (NPAs) declining to 4.57 per cent of gross advances as of September 30, 2025, from 5.32 per cent by the end of the second quarter of the previous fiscal. Net NPAs also moder
The two-and-a-half-hour distillation of Tulsidas's epic has turned performance into pilgrimage, drawing audiences across generations
The company's managing director and chief executive officer Casparus J H Kromhout talks to Shine Jacob about its future, the impact of recent regulatory decisions on business, and the new GST relief
Microfinance can never be a sunshine sector because every 5-6 years it gets into some kind of challenges, says Revankar
Sanlam joins as co-promoter of Shriram AMC, infusing ₹105 crore to boost quantamental investing and product innovation in India
South Africa's Sanlam has invested Rs 105 crore for a 23 per cent stake in Shriram Group's asset management arm. The transaction marks the entry of Sanlam, an asset manager having over USD 80 billion under management, into the Indian market. It has an over 2-decade partnership with the Chennai-based diversified financial services group. With the investment, Sanlam becomes a co-promoter in Shriram Asset Management Company (AMC) with ShriramCredit Company, a statement said. The overall promoter stake in the listed company will increase to 71.17 per cent from the 62.55 per cent currently, it added. Sanlam Emerging Markets (Mauritius) was allotted 38.89 lakh shares in a preferential allotment, the statement said. It can be noted that the Indian AMC space has been attracting a slew of global players, and Blackrock was among the last major investors to enter the fray through a tie-up with Jio Financial Services. The last few years have seen a steady increase in the Indian AMCs' AUM. Th
Fitch Ratings on Tuesday upgraded Shriram Finance Ltd's rating reflecting sustained improvement in standalone profile in recent years, particularly in funding diversity, risk management, portfolio quality and profitability. Fitch Ratings has upgraded India-based Shriram Finance Ltd's (SFL) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) to 'BB+', from 'BB', with a 'stable' outlook. It said SFL has demonstrated steady performance since merging with its sister company, Shriram City Union Finance Ltd (SCUF), in 2022. The ratings also reflect SFL's time-tested and established franchise in used commercial-vehicle financing, seasoned management team, established risk controls and adequate balance-sheet buffers. India's robust medium-term growth potential and large, diversified economy should continue to support non-bank financial institutions' (NBFIs) business prospects and profitability in the medium-term. "The upgrade reflects sustained improvement in SFL's standalon
Analysts, on average, had expected a profit of Rs 22.24 billion, according to data compiled by LSEG data. The company's financing costs rose 31% in the quarter
Regulatory oversight led to more financial stability for NBFCs
The non-banking financial company plans to raise the funds through a three-year loan, according to Parag Sharma, managing director and chief financial officer at Shriram Finance
Insurance company's managing director says company expanding in rural India faster than its private competitors
It's the largest syndicated multi-currency transaction by a private sector NBFC, says company
The non-bank financial company will offer a multitranche deal split across currencies such as the dollar, euro and dirham, the people said asking not to be identified
Fund aims to invest in 3-6 sectors likely to outperform