Religare Enterprise's group CEO Shachindra Nath, explains on CNBC-TV18, that the company stands a high chance of being granted a licence as it has Rs, 13,000 crore in assets and is focused on the SME sector.
In an interview to CNBC-TV18, Umesh Revankar, managing director, Shriram Transport says the new guidelines will not impact profits. He also says that liquidity will not have an impact.
Umesh Revankar, MD, Shriram Transport, says that the stress on our asset is not alarming and we are comfortable with the situation.
Despite slowing economic growth, Shriram Transport Finance Company expects a loan growth of 12-15% in FY13.
The RBI left the key interest rate unchanged. Umesh Revankar, managing director of Shriram Transport Finance says, the cost of money would remain same. "I feel that this will not have a big impact. "
With a rate cut from RBI expected on Monday, credit demand for financing companies is likely to go up. In an interview with CNBC-TV18, Umesh Revankar, Managing Director of Shriram Transport Finance Company said that though, demand will increase, it is more important to create that demand through economic activity.
In a freewheeling chat with Moneycontrol.com, Umesh Revankar of STFC explained his ways to keep his business stay insulated to a greater extent from any adversity.
In an interview to CNBC-TV18, Umesh Revankar, managing director, Shriram Transport Finance says that yesterday‘s rate cut of 50 bps can be seen as a positive for the sector and the move will help in improving the overall economic activity.
Umesh Revankar, managing director, Shriram Transport Finance Company in an interview to CNBC-TV18 spoke about the latest happenings in the company and the road ahead.
India Inc has reasons to cheer on untouched rates, but concerns on inflation, liquidity and falling GDP remain
R Shridhar, managing director, Shriram Transport Finance Company spoke to CNBC-TV18 about the recommendations of the MV Nair Committee and the way forward.
Managing director of Shriram Transport, R Shridhar tells CNBC-TV18 that TPG is looking to sell its stake, but that there is no deal on the table yet.
As part of its corporate restructuring programme, Shriram Holdings will be amalgamated with commercial vehicle financier Shriram Transport Finance.
In an interview to CNBC-TV18, R Shridhar, managing director of Shriram Transport Finance Company Ltd says, freight rates have been under pressure. “It looks to be under pressure in the future also,” he adds. He expects 10% growth in assets in the current year.
Speaking to CNBC-TV18, R Shridhar, managing director of Shriram Transport Finance pointed out that the new norms will call for a change in the recovery practices of getting back loans given, followed by the companies.
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.
R Shridhar, MD of Shriram Transport Finance Company said he is seeing signs of sluggishness in demand. However, he doesn’t see much pressure on net interest margins.
The commercial vehicle industry has had good run for the last two years, however, R Shridhar, MD of Shriram Transport Finance Company says that “interest rate hikes and upcoming fuel price rise will bring the sluggish down trend in this industry.”
The Reserve Bank of India on Tuesday announced its credit policy. Along with hikes in both lending and borrowing rates, the RBI also said that they are no longer going to classify non-banking financial companies (NBFCs) as priority sector loans.
Shriram Transport Finance Company has rolled out the country's first automall last week. In an interview with CNBC-TV18, R Shridhar, MD, Shriram Transport Finance Company gave his perspective on the company's latest venture.