Demand has been strong and is expected to grow with pick up in construction activity. As India continuous to grow there will be demand for more number of vehicles, said Umesh Revankar, MD, Shriram Transport Finance.
Shriram Transport saw a good quarter in Q3 as the disbursement to assets under management (AUM) ratio is back to its best levels while AUM growth rate is the highest in many quarters. In an interview with CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance spoke about the results and his outlook for the company.
The Shriram Transport Finance Corporation stock has been buzzing after the hangover of the IDFC deal has been done with. Auto companies have seen strong commercial vehicle sales by manufacturers & now there are expectations of a pick-up in the rural economy. In an interview with CNBC-TV18, Umesh Revankar, MD of the company spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance Corporation spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance spoke about the latest happenings in the company.
Shriram Transport Finance Corporation held a conference call on Friday post market hours. The management was trying to explain how the customers or the shareholders of Shriram Transport can gain from access to the banking channel which IDFC Bank has, Santosh Singh, Head of Research India at Haitong Securities told CNBC-TV18.
All parts of balancesheet on the loan side have done well in the first quarter, said Romesh Sobti, MD & CEO, IndusInd Bank.
IDFC Ltd is the parent company of IDFC Bank and is the one which is going to drive IDFC-Shriram merger forward. In an interview to CNBC-TV18, Vinod Rai, Non-Executive Chairman of IDFC spoke about the same.
In an interview to CNBC-TV18's Nisha Poddar, R Thyagarajan, Founder Chairman of Shriram Group, Rajiv Lall, Founder MD & CEO of IDFC Bank and Ajay Piramal, Chairman of Shriram Capital spoke at length about the merger.
One of the beneficiaries of the rural economy picking up is Shriram Transport Finance Corporation. In an interview to CNBC-TV18, Umesh Revankar, MD of the company spoke about the latest happenings in the company.
Umesh Revankar, Managing Director of Shriram Transport Finance Company expects a 14-15 percent AUM growth for new vehicles in FY17.
Umesh Revankar, MD at Shriram Transport Finance says the rural economy will need 2-3 quarters to recover, although performance of certain segments like light commercial vehicles has started improving
Umesh Revankar, MD of Shriram Transport Finance Company says credits the surge to struggling rural economy and low wages which in turn has a negative impact on purchasing power.
Umesh Revankar, MD, Shriram Transport Finance says this move will create more demand for used vehicles older than 5-10 years. As Shriram Transport does not lend for vehicles older than 15 years, it might prove beneficial, he adds.
Umesh Revankar, MD, Shriram Transport Finance says the company‘s gross non-performing assets (GNPA) stood at 4.18 percent due to rural stress caused by deficient rainfall in pockets of Maharasthra, Telagana, Karnataka and Uttar Pradesh.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance Corporation spoke about RBI's rate cut and how the business shapes up going forward.
In an interview with CNBC-TV18, Umesh Revankar of Shriram Transport Finance said that a rate cut in RBI's policy meeting on Tuesday would have benefited the SMEs who need cheap loans.
In an interview with CNBC-TV18, managing director of Shriram Transport, Umesh Revankar said tas the economy recovers, operational efficiency and rural demand will improve
In an interview to CNBC-TV18, Revankar said the company has infused Rs 100 core in equipment finance business. The non-banking finance company added around 80 branches in FY15 and plans to add another 80 in FY16.
Parag Jariwala of Religare Capital says the Medium and Heavy Commercial Vehicle (M&HCV) sales have risen 30-40 percent Year-on-Year, over the past six months.
In an interview with CNBC-TV18‘s Sonia Shenoy and Anuj Singhal, Shriram Transport Finance‘s Umesh Revankar spoke about the trends in the commercial vehicle industry and whether he sees credit offtake picking up on increasing demand.
In an interview to CNBC-TV18, Umesh Revankar, MD, Shriram Transport Finance, said the company expects loan growth to pick up in used vehicles
"I don‘t think there will be robust growth for next one-two months. May be in the last quarter January to March there could be some movement in the industrial products," Umesh Revankar, MD, Shriram Transport Finance said.
Umesh Revankar, Managing Director at Shriram Transport Finance Company said bulk goods transport is still subduedl but heavy commercial vehicle (HCV) sales have improved from previous months.
In an interview to CNBC-TV18, MD Umesh Revankar said the demand has been little better in Q2, compared to Q1, mainly on the back of better monsoon and an increase in rural demand. He sees a major demand pick-up only in H2.