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Pre Monetary Policy Quote by Mr Umesh Revankar,Shriram Finance Below The Pre Monetary Policy Quote by Mr Umesh Revankar, Executive Vice Chairman, Shriram Finance. “The inflation level has been staying within the tolerance limit of below 6%. Consequently, in the upcoming MPC recommendations, we expect RBI to continue with their stance of pausing policy rate hikes for the next interest cycle. Having said that, inflation in various countries such as the United Kingdom is still a cause of worry. Hence, it is still imperative that we monitor and...
Pre Monetary Policy Quote by Mr Umesh Revankar,Shriram Finance
Pre Monetary Policy Quote by Mr Umesh Revankar,Shriram Finance
Source: PR Agency
1/08/2023 3:51:19 PM
Paytm partners with Shriram Finance Limited, strengthens its loan distribution business to drive credit inclusion Chennai: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, today announced a partnership with the largest retail NBFC in India, Shriram Finance Limited to offer financial services to its users including loan products. Through this partnership, Shriram Finance’s products will be made available on Paytm’s platform digitally to further expand access to credit and ...
Paytm partners with Shriram Finance Limited, strengthens its loan distribution business to drive credit inclusion
Paytm partners with Shriram Finance Limited, strengthens its loan distribution business to drive credit inclusion
Source: PR Agency
30/06/2023 5:07:30 PM
Shriram Finance to grow its retail fixed deposits by 25% One of the country's largest non-banking finance company (NBFC) Shriram Finance Ltd plans to grow its fixed deposits from the current Rs 32,000 crore and talks are on to raise long term funds from international markets, said Umesh Revankar, Vice Chairman. According to him, the merged company will now look at personal finance and loans to micro, small and medium enterprises (MSME). He also said turning into a bank with the merger of two other group NBFCs will not be profitable owing ...
Shriram Finance to grow its retail fixed deposits by 25%
Shriram Finance to grow its retail fixed deposits by 25%
Source: IANS
22/12/2022 5:10:34 PM
Shriram Finance to focus on MSMEs and others Commercial vehicle financing major Shriram Transport Finance Company and two-wheeler and MSME financier Shriram City Union Finance have been merged to form Shriram Finance Limited (Shriram Finance). According to Shriram Finance, the company will be a diversified player with a robust net worth of Rs 40,900 crore and Assets under Management (AUM) of Rs 1,71,000 crore catering to over 6.7 million customers across India. The growth strategy for the company will be focused on driving the sel...
Shriram Finance to focus on MSMEs and others
Shriram Finance to focus on MSMEs and others
Source: IANS
5/12/2022 3:46:34 PM
Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited Pre RBI Monetary Policy Quote 29 September 2022 By Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited. India’s growth prospects have improved while inflation remains persistent. Infact, S&P expects GDP growth of 6.5% next fiscal, which is better than most economies of the same size. India seems to be an outlier with strong demand from consumers, high infrastructure activities, and a resurgence in manufacturing. I expect the RBI to hike policy rates by 35-...
Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited
Pre RBI Monetary Policy quote: Umesh Revankar, VC & MD, Shriram Transport Finance Company Limited
Source: PR Agency
29/09/2022 3:59:07 PM
CCI approval for merger - Shriram City and Shriram Transport Finance Chennai : Shriram Transport Finance Company has received approval from the Competition Commission of India (CCI) for the merger of Shriram Transport Finance Company with Shriram City Union Finance Company on 1 August. The merged entity Shriram Finance will be India’s largest Retail NBFC with Assets Under Management of INR 1.65 lk cr as of Jun-22.  Commenting on the approval, Mr. Umesh Revankar, VC & MD, STFC said, “With this approval, we have now received app...
CCI approval for merger - Shriram City and Shriram Transport Finance
CCI approval for merger - Shriram City and Shriram Transport Finance
Source: PR Agency
2/08/2022 5:56:49 PM
Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance Below is Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance "In the light of the uncertainty of persisting geopolitical tensions, concerns over rising global inflation and escalation in global crude oil prices and other commodities, we had expected the RBI to hike interest rates in consonance with the recent off-cycle policy meeting. The RBI has further hiked the repo rate by 50bps to 4.9% and will be focused on ...
Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Quote on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
8/06/2022 1:39:56 PM
Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance “We had expected the RBI to hike rates from second half of the fiscal and hence the timing and quantum of RBI repo rate hike by 40bps and hike CRR by 50bps mid-cycle was a bit of surprise. The RBI has hiked rates, owing to the rise in fuel costs and food inflation on account of geo-political concerns which has turned out to be a long term issue. The ...
Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Shriram Transport Finance
Comment on RBI monetary policy-out of cycle rate hike By Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
5/05/2022 10:52:32 AM
Comment on RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on RBI Monetary Policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance “The RBI Governor monetary policy statement today highlighted concerns over inflation and downside risks to growth emerging on account of escalation in geopolitical tensions, protracted supply disruptions. The RBI kept key rates unchanged on expected lines and the MPC committee decided to remain ‘accommodative’ while focussing on withdrawal of accommo...
Comment on RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Comment on RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Source: PR Agency
8/04/2022 3:24:27 PM
Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance "NBFCs play a crucial role in the economy by providing credit to the underserved segment. Post the challenges posed by the pandemic the overall economic recovery is still uneven with demand conditions yet to fully recover. The Government and the RBI have taken several measures towards economic revival and supporting most impacted sec...
Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Shriram Transport Finance
Comment on RBI giving extension to NBFC to comply with IRACP norms By Mr. Umesh Revankar, Shriram Transport Finance
Source: Shriram Transport Finance
16/02/2022 3:31:36 PM
Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance Below is Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance “Pleasantly surprised by RBI’s more dovish than expected stance and it continued to prioritise growth by keeping rates unchanged and also maintaining an ‘accommodative’ stance for as long as necessary. Despite commodity prices being elevated, RBI is confident of maintaining prices and that is encouraging. The accommodative stance also indicates t...
Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Comment on the RBI Monetary Policy By Mr. Umesh Revankar, Shriram Transport Finance
Source: Shriram Transport Finance
10/02/2022 5:04:13 PM
The Union Budget 2022 is a bold and growth-oriented budget which will result into a multiplier - Umesh Revankar, Shriram Transport Finance By Umesh Revankar, VC & MD at Shriram Transport Finance “The union budget 2022 is a bold and growth-oriented budget which will result into a multiplier effect on the economy and benefit the Aam Aadmi, despite no direct benefit transfers. We believe the FM has presented an investment led budget and this will propel sectors like cement, steel and construction which will lead to increased movement of goods, boost bulk transportation movement and help in the revival of the trans...
The Union Budget 2022 is a bold and growth-oriented budget which will result into a multiplier - Umesh Revankar, Shriram Transport Finance
The Union Budget 2022 is a bold and growth-oriented budget which will result into a multiplier - Umesh Revankar, Shriram Transport Finance
Source: PR Agency
1/02/2022 6:07:19 PM
The Government in the upcoming budget will help boost the economic recovery in 2022 - Shriram Transport Finance Pre-budget expectations by Mr. Umesh Revankar, Vice Chairman & MD, Shriram Transport Finance. "While each wave of the pandemic has brought forth its own set of challenges, we are hopeful and optimistic that the measures taken by the Government in the upcoming budget will help boost the economic recovery in 2022. Considering the slowdown caused by COVID outbreak in India in the past two years, it becomes crucial for the government to prioritize its reforms towards MS...
The Government in the upcoming budget will help boost the economic recovery in 2022 - Shriram Transport Finance
The Government in the upcoming budget will help boost the economic recovery in 2022 - Shriram Transport Finance
Source: Shriram Transport Finance
28/01/2022 11:24:13 AM