Shriram City Union

Shriram City Union Q2 Net Profit seen up 10% YoY to Rs. 282.7 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 5.7 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 899.7 crore, according to Motilal Oswal.

Shriram City Union Q1 Net Profit seen up 25.4% YoY to Rs. 241.2 cr: Emkay Research

Net Interest Income (NII) is expected to increase by 2.8 percent Y-o-Y (down 3.2 percent Q-o-Q) to Rs. 898.5 crore, according to Emkay Research.

Shriram City Union Q4 PAT seen up 351.2% YoY to Rs. 212.2 cr: Motilal Oswal

Net Sales are expected to increase by 8.8 percent Y-o-Y to Rs. 883.2 crore, according to Motilal Oswal.

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Shriram City Union to see 35 bps rise in cost of funds

Chennai-based Shriram City Union (SCU) is likely to see an increase of 35-40 basis points in its cost of funds due to change in fund raising guidelines by the Reserve Bank of India (RBI), which mandated some restrictions on fund raising through privately held debentures.

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Shriram City net up 13% at Rs 117cr on MSME, retail growth

Net profit of the non-banking finance company stood at Rs 103.42 crore in the same period of previous fiscal. Total income from operations grew 17.22 percent to Rs 788.37 crore during the quarter ended June 30 as against Rs 672.58 crore in the same period previous fiscal.

Bajaj Finance, M&M Financial top picks: IIFL

According to Sampath Kumar, Banking Analyst, Institutional Equities at IIFL, Bajaj Finance, Mahindra & Mahindra Financial Services and Shriram City Union are the top picks in NBFC space.

Bajaj Finance, M&M Finance top NBFC bets: IIFL

IIFL prefers private sector banks over state owned banks. It is betting on non-banking financial companies (NBFCs) as a rate cyclical play. Bajaj Finance, M&M Finance, Shriram City Union Finance are its top picks.

Our focus will remain on small clients: Shriram Cap

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.

Will Shriram convert any existing NBFC to float a new bank?

Shares of Shriram City Union and Shriram Transport have rallied 36 percent and 18 percent over the last three months, as investors are betting on the group getting a banking licence. But there is no clarity on which of the two non-banking finance companies will be applying for the licence.

Diesel hike to be modest; 50 bps cut on cards: Ambit

Saurabh Mukherjea, head of equities, Ambit Capital explains, in an analysis of the market on CNBC-TV18, that he does not foresee any possibility of an aggressive hike in diesel prices and expects the government to opt for modest hikes.

NBFCs in fierce competition to raise public funds via NCDs

The competition gets tougher for non-banking finance companies or NBFCs, tapping public money to meet their funds requirement through non-convertible debenture issues.

NCDs galore: Should you invest?

A series of non-convertible debenture (NCD) issues are again nudging investors’ appetite. Such debt instruments, brought in by non-banking finance companies or NBFCs offer higher rate of interests in the range of 11.10-12.25%. Should you invest?

Muthoot Finance to diversify borrowings, launches NCDs

Gold loan provider, Muthoot Finance on Tuesday announced the launch of its maiden non-convertible debenture (NCD) issue to raise Rs 1,000 crore. It will open for subscription on August 23. The core size of the issue is Rs 500 crore with an option to retain oversubscription of additional Rs 500 crore.