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.
In an interview to CNBC-TV18, R Shridhar, managing director of Shriram Transport Finance Company says, flat profit is on account of higher provisions and write offs. He sees 10% growth in assets under management this year. He doesn’t see any pressure on margins.
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.”
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.
Most of the NBFC’s that are listed, will fall under the new rule set out by the RBI of keeping 15% of their risk weight assets in the form of capital. TT Srinivasaraghavan, of Sundaram Finance says that while his company’s capital adequacy is already crossing 15%, he finds the central bank’s directive disappointing.
Shriram Transport Finance Corporation came out with its results. The revenues were up 19.2% at Rs 1375.6 crore versus Rs 1154.5 crore.
FMCG giant Hindustan Unilever came out with a disappointing set of numbers. CNBC-TV18's Mitra Joshi and Seema Mody report.