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    HomeNewsBusinessCompaniesShriram Transport confident of maintaining NIM at 7-8%

    Shriram Transport confident of maintaining NIM at 7-8%

    Shriram Transport Finance (STFC) reported flat net profit at Rs 299 crore for quarter-ended September 20, as the company's bottomline was hit by higher provision and loan write-offs.

    November 11, 2011 / 16:22 IST

    Moneycontrol Bureau

    Shriram Transport Finance (STFC) reported flat net profit at Rs 299 crore for quarter-ended September 20, as the company's bottomline was hit by higher provision and loan write-offs.

    "We had to write off loans of 70-80 crore, disbursed to fund mining equipment purchases," R Sridhar, managing director, Shriram Transport Finance Company told Moneycontrol.com in an audio interview.

    first published: Nov 11, 2011 12:15 pm

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