GS Sundararajan, MD of Shriram City Union Finance says his main worry is how these norms will impact customers. He says most of his customers do not have regular cash flows and a 90 days credit rule will make it difficult for them to pay.
GS Sundararajan, MD Shriram City Union expects to see robust growth for the next three quarters given the impetus in micro, small and medium enterprises (MSME), two-wheeler and retail space.
The RBI on Monday clarified more than 400 queries it had received on the subject of new bank licences. Chennai-based Shriram group is one of the top contenders for a new banking licence. GS Sundararajan, Group Director, Shriram Group told CNBC-TV18 that it needs to modify structure for bank licence application.
A challenging macro-economic situation, brought on both by domestic and global conditions. In this environment, the FM seems to have done a commendable job in sticking to some very public commitments made, in the past few months, regarding the level of the budget deficit.
With the Rajya Sabha also giving its nod to the banking bill today, Chennai based Shriram group is hoping their long-standing plan for obtaining a banking license will now bear fruit.