The net interest margins for the quarter ended December stood at 6.51 percent against 6.73 percent earlier quarter on back of increase in cost of borrowing and operational expenses but Revankar does not see margins coming under pressure in the near-term.
Umesh Revankar, MD, Shriram Transport Finance sees no demand for new vehicles but says there is constant demand for used vehicles which will help them maintain theri loan grwoth guidance.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport spoke about the problems non-banking financial companies (NBFCs) are facing while raising money from the wholesale market ever since the Reserve Bank of India (RBI) tightened liquidity on July 15.
Ajay Piramal says that Indian growth will be higher than the rest of the world soon and adds that the financial services sector is ripe for investment with lucrative returns on offer.
Shriram Transport Finance – a financier for small truck operators, has of late seen some signs of stress on its credit quality during the January – March quarter. This has lead to some contraction in its net interest margin.
Umesh Revankar, managing director, Shriram Transport doesn't expect any stress in asset quality of their loans.
A prospective banking licence appears to be the latest watchword for Chennai-based Shriram Capital, the non-operating holding company of three group entities: Shriram Transport Finance (STF), Shriram City Union and Shriram General Insurance.
In 1993, 10 licenses were granted and in 2001 two licenses were granted. Duggal expects the central bank to grant atleast half a dozen licenses. However, this process should not be a prolonged one.
Chennai-based Shriram Transport Finance (STF) ranks among top-rung non-banking finance companies in India. The company, engaged in financing trackers for buying used vehicles is bracing up for a regulatory challenge. Usha Thorat committee has just recommended tighter norms for non-performing assets at par with banks.
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.
In an interview to CNBC-TV18, Umesh Revankar, MD, Shriram Transport spoke about the performance of the company in the second quarter. The consolidated net profit rose from 313 cr to 363 cr (YoY) and Net Interest margins (NIMs) rose to 7.67%. The company may add 3000-4000 cr in Securitisation by Q4.
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. "
In an interview with CNBC-TV18, Umesh Revankar, Managing Director of Shriram Transport Finance Company said their performance has been steady, taking into consideration the weak economic environment.
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.
Parag Sharma , chief finance officer, Shriram Transport Finance Company says that the year has been tough for the company and mining losses accounted for Rs 80 crore.
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.
Due to sluggish truck demand, Shriram Transport Finance saw margins falling 80 basis points to 7.39% in the third quarter of FY12.
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.