Moneycontrol PRO

business

Shriram Transport hints to pass hike, hopes 15% loan growth

As banks are all set to pass the bill from the Reserve Bank’s shocking 50 basis point rate hike, M Parag Sharma, CFO of Shriram Transport Finance Company hints a rate hike as well, adding that when the company will continue to borrow at high rates, borrowers will continue to do the same.

first published: Jul 27, 2011 12:31 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347