Shriram Housing Finance

Fitch upgrades Shriram Finance's rating on improved business profile

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

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

There is no change from organisational perspective: Truhome Finance CEO

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

CCI approves Rs 4,630 cr deal between Warburg Pincus, Shriram Housing

The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,630-crore deal, wherein private equity major Warburg Pincus will acquire Shriram Finance's arm Shriram Housing Finance. "The proposed combination envisages inter alia the acquisition of shareholding in Shriram Housing Finance Ltd by Mango Crest Investment Ltd," CCI said in a release. Mango Crest Investment Ltd undertakes investment holding activities. It is an affiliate of US-based Warburg Pincus. Shriram Housing Finance Ltd is a housing finance company registered with the National Housing Bank. In May this year, financial services firm Shriram Finance announced the sale of its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore to focus on the vehicle finance and small business lending. Under the deal, SHF will be acquired by Warburg Pincus through its affiliate Mango Crest Investment Ltd from all the sellers. The proposed transaction is valued at Rs 4,630 crore for equity a

Warburg Pincus, QIA in talks to derisk Shriram group arm investment

Shriram Finance Limited (SFL) decided to sell its housing finance business to focus more on its core operations and secure growth capital

Shriram Finance will focus more on its core business: Umesh Revankar

Warburg to invest Rs 1,000 crore in SHFL

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings

Help to maintain 20 per cent year-on-year credit growth

Warburg Pincus to acquire Shriram Housing Finance for Rs 4,630 crore

Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers

Shriram Finance Q3 results: Marginal rise in net profit to Rs 1,873 crore

During the period under review, the company's total income reached Rs 9,305.75 crore, marking a 19 per cent increase from Rs 7,798.31 crore in the October-December period of FY23

We want to be No. 1 in affordable housing by FY26: Ravi Subramanian

RAVI SUBRAMANIAN, managing director and chief executive officer, feels that the sector is in a sweet spot, and capital will not be a constraint for the better-run players

Shriram Financial Ventures to be holding company in Shriram Group recast

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

SBI inks co-lending pact with five HFCs for affordable housing

SBI expects to grow home loan book to Rs 7 trn by 2024

Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24

Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore

Shriram Housing loan-book grows 45% to cross Rs 5,000-cr so far this fiscal

Affordable housing player Shriram Housing Finance has said its AUM or live loan grew 45 per cent so far this fiscal to cross the Rs 5,000-crore-mark

Shriram Housing Fin gets Rs 300-crore equity capital from parent firm

The capital will also be utilised to fund the expansion plans in the targeted regions

Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark

Shriram Housing Finance to raise Rs 400 crore equity capital in H1FY22

The capital will predominantly come from within Shriram group

Former Managing Director Of Shriram Housing Finance Limited, Sujan Sinha Appointed As Non-Executive Non Independent Director Of Mangal Credit And Fincorp Limited

.

India Ratings takes 3 finance firms off rating watch negative list

MMFSL maintained sufficient liquidity buffers to make timely debt repayments, even when collections declined