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UMESH REVANKAR
Japan's MUFG Bank acquires 20 pc stake for Rs 39,618 cr in Shriram FinanceJapan's MUFG Bank has acquired a 20% stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore, marking the largest cross-border investment in...
GST cuts: Q3 to set positive momentum for rest of FY26: Umesh Revankar of Shriram FinanceShriram Finance’s Umesh Revankar said GST rate cuts will revive demand in autos and consumption, boost festive season purchases, spur credi...
RBI approves 100% stake acquisition of Shriram Overseas Investments from Shriram Investments HoldingsThe Reserve Bank of India approved the complete acquisition of Shriram Overseas Investments by Shriram Investments Holdings. Shriram Financ...
Confident of achieving growth of more than 15%: Umesh Revankar, Shriram FinanceRBI is more focused on the unsecured loan disbursement where the usage is unknown. But where the usage is known, where it is going for busi...
Used vehicle resale prices are still holding good; used heavy vehicle sales are growing around 9%: Umesh Revankar, Shriram FinanceUmesh Revankar believes that the CV business will continue to grow due to the demand from individual operators and better network penetrati...
Shriram Transport to raise 50 billion rupees in second half of FY23The non-banking finance company (NBFC) has already raised 50 billion rupees in the first half of this year and the additional funds raised ...
Shriram has tapped only a slice of a huge opportunity in CV segment: MD"There is huge opportunity for us to cover other geographies where we have not covered."
Umesh Revankar back as head of Shriram Transport FinanceThe profit after tax rose 15% to Rs 387.65 crore as against Rs 338.10 crore recorded in the same period of the previous year.
Expect another 25 bps cut in FY17: Umesh Revankar, Director, Shriram GroupIf the credit demand picks up then banks will be more than willing to reduce the lending rate on the current loans," Revankar said.
RBI's reforms will have a huge impact on the way corporates borrow: Umesh Revankar, Director, Shriram Group"Creating liquidity will make the rates much better and corporates get the advantage when market determines the rates," said Revankar.
Cash flows and ground realities are improving: Umesh Revankar, Shriram Transport Finance Company"Over a long period, if you really include any fund raising in the future, we shall enjoy a lot of advantage," says Umesh Revankar
Shriram Transport Finance sets sights on 12% AUM growthShriram Transport Finance today said it's looking at 12 per cent growth in its asset under management (AUM) this fiscal on account of an ex...
Shriram Transport Finance may see bad loans rising in H2The ongoing economic slowdown has resulted in a dip in demand for truckers, while high inflation has wrecked net earning, said Revankar.
Expect to sustain 15% growth for next two years: Umesh Govind Revankar, Shriram Transport Finance"We had given the guidance of 15% in the beginning of the year, but in the first quarter, we grew more than that."
- Shriram Transport Finance net up 7% to Rs 366 cr
Shriram Transport Finance today reported 7 per cent rise in net profit at Rs 366.27 crore in the April-June quarter on the back of rise in ...
Shriram Transport to raise up to Rs 750 crore via NCD issueShriram Transport Finance today said it will raise up to Rs 750 crore, through a non-convertible debenture (NCD) issue.
To raise Rs 750 cr via non-convertible debentures: Umesh Revankar, Shriram Transport Finance Company" The interest rate for three years for retail individually is 10.9 anually and for five years, it is 11.15 and there is one unique feature...
- Used vehicle financing book has grown significantly: Umesh Revankar, Shriram Transport Finance
The used vehicle market has expanded and we have taken advantage of it. We have grown almost 40% year-on-year on disbursement, says Umesh R...
- Demand for used LCVs rising: Umesh Revankar, Shriram Transport Finance Company
The used vehicle market has increased from 1 tonne to 40 tonne and the number of vehicles has increased in the last five-six years, says Um...
- Service sector acts as a catalyst to the manufacturing sector efficiency: Umesh Revankar, Shriram Transport
In an interview with ET Now, Umesh Revankar, Managing Director, Shriram Transport Finance Company Ltd. shares his views about the Q4 GDP da...