Shriram Transport confident of maintaining NIM at 7-8%

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.