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YS CHAKRAVARTI
India's Shriram Finance mulling yen-denominated fundraise to diversify borrowing, CEO saysIndian non-banking finance company Shriram Finance is mulling raising funds denominated in Japanese yen to diversify its borrowing profile,...
Shriram Finance announces green finance vertical, aims Rs 5,000 crore under AUM in 4 yearsShriram Finance launched a new green finance vertical with a Rs 5,000 crore AUM target over four years. The initiative will focus on financ...
NIMs expected to be at 8.5-8.9%: YS Chakravarti, Shriram FinanceI would not put it that way because after the merger, you also have teams that can handle MSME, Gold and two-wheeler, basically the merger ...
Shriram Finance Q2 results: Net profit rises 13% to Rs 1,751 croreCommercial vehicle loan disbursements increased 14%, construction equipment 22%, and micro medium and small enterprises (MSMEs) increased 3...
Shriram Finance yet to decide on stake dilution in housing finance arm, may infuse capital by year-end"We are still debating about how to infuse capital into the housing finance company. The debate is whether we should infuse capital or we s...
Shriram Finance Q4 Results: Net profit jumps 20% YoY to Rs 1308 croreThe company's net interest income stood at Rs 4446 crore against Rs 2628 crore while total income was at Rs 7769 crore against Rs 5088 cror...
Shriram Finance sets sight on MSME loansCommercial and passenger vehicle loans together constitute 77% of the company Rs 1.71 lakh crore loan book.
Shriram Group gets CCI nod for financial services business mergerShriram Transport MD Umesh Revankar said in a statement the CCI nod comes after approvals from SEBI, RBI, the stock exchanges, creditors, a...
Electric two-wheeler adoption gaining traction in semi-urban, rural markets: Shriram City MD & CEOEven if people in these tier II and III centres are preferring electric two-wheelers, it will still take some time before EVs can actually ...
Shriram Group plans to add 2,500 employees for merged entity in 18-24 monthsSCUF offers two-wheeler, commercial vehicle, passenger vehicle, MSME, gold and home loans, whereas STFC has a presence in the commercial ve...
Shriram Group receives RBI nod for merger of financial services businessIn a note to the exchanges late on Wednesday, Shriram said RBI issued its No Objection to the scheme of amalgamation through a letter dated...
Shriram City to focus on gold, personal, small business loans in FY23; aims 18% growth in AUMNoting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, YS Chakrava...
Hero Electric partners with Shriram City Union for finance solutions"The changing market scenario and increased preference for the electric vehicle, we have realized the need for strong finance schemes to bo...
Super apps way forward for big Indian shadow banks, says Shriram City Union Finance“Three months from now, the super app should be ready, offering every financial product that a customer needs,” YS Chakravarti, CEO of the ...
Shriram Group expects cross-selling, lower cost of funds and scale post-mergerThe insurance and mutual fund companies of the group have been kept out of the merger. The new company will continue to sell insurance poli...
Shriram City Union Finance looks to disburse up to Rs 23,000 crore in FY22The lender's managing director and CEO Y S Chakravarti said July 2021 was better than June with disbursements crossing Rs 3,000 crore. Even...
With new scrappage plan, age will matter in used-car business, tooThe vehicle scrappage policy is all set to give an impetus to the used-car business in the country where lower-age cars are expected to dri...
Not many NBFCs may use Sarfaesi Act to recover loanMany NBFCs were unable to dispose of immovable property of defaulter borrowers fast enough even after filing the case under Sarfaesi and re...
Shriram City Union Finance Q1 net jumps 10% YoY to Rs 260 croreConsolidated income during the said quarter rose to Rs 1,572.88 crore from Rs 1,475.45 crore in the same period last year.
Expect UP and MP to be our growth engines going forward: YS Chakravarti, Shriram City Union FinanceGoing forward to the second quarter or second half of this year, the small business guys should do well.