Our focus is on families in the lower segment, or those families which have a family income in the ₹5-₹15 lakh range only. This segment needs life insurance the most, said Shriram Life MD, CEO
The stock reacted badly, falling 5.2 per cent to close at ₹621.85 on Monday on the BSE
External commercial borrowing loans made up nearly 15 per cent of Shriram's total borrowing profile as of March-end, while overseas bonds comprised about 6.8 per cent
The flagship company of the diversified conglomerate Shriram Group is set to cross Rs 3 trillion in assets during the current financial year with loan growth of 15 per cent, Revankar said
RBI is very selective about granting PD licences. If granted, Shriram Finance will be one of the first non-bank entities to receive a PD licence in recent times
Shriram Finance's credit cost is expected to improve marginally to about 1.9% of average loans over the next couple of years from 2.1% currently.
The consumer loan provider has sought the Reserve Bank of India's approval to set up a primary dealership, for which it plans to launch a separate entity
Shriram Finance Ltd, the flagship company of the diversified conglomerate Shriram Group is looking to consolidate its gold loan business and increase the market share in the coming quarters. On the back of organised gold loan market expected to double in the next five years, the company has drawn up plans to introduce gold loan business in more branch networks. "In Q3FY25, the gold loan Assets Under Management (AUM) in Shriram Finance Ltd's Tamil Nadu branches in North Coastal, Kancheepuram and Salem, Krishnagiri and Tiruvallur zones grew significantly. We are now looking to consolidate and grow our market share in the coming quarters and a part of our plan is to introduce gold loan business in more branches," company Deputy Managing Director Anbuselvam said. The demand for gold has surged as individuals and small businesses seek quick access to funds, aligning with the national trend of rapid expansion in the organised gold loan industry, the company said in a statement here on ...
Executives talk about their plans for the wealth management business and the group's banking ambitions
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
Stocks to Buy Today, Feb 24: Currently, Shriram Finace share is hovering near the cluster of its EMAs and 200-DSMA
Green finance, which is financing of businesses that support environmentally friendly and sustainable projects, has struggled to pick up in India due to limited awareness, high transaction costs
The green financing vertical will finance EVs, renewable energy products, energy-efficient machinery, and other sustainable solutions
Shriram General Insurance is also targeting an increase in its number of financial advisors from 86,558 currently to around 91,000 by the end of this financial year
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
By December 31 last year, the company's total assets under management increased by 19 per cent to Rs 2,54,469.69 crore
Building on its existing expertise in financing electric vehicles, Shriram Green Finance will provide sharper focus and clarity to its sustainability efforts
Shriram Finance's total AUM was 2.43 trillion rupees as of September end and its green financing portfolio is currently around Rs 6 billion- Rs 7 billion, the company said at a press conference
It's the largest syndicated multi-currency transaction by a private sector NBFC, says company
The sale of Shriram Finance's stake in SHFL was executed through Warburg Pincus' affiliate, Mango Crest Investment Ltd