Shriram Finance lifts growth guidance, no need for fresh capital
after close1 source ↓written by the desknot a recommendation
- ratio stands
- 20% plus
- growth guidance
- 15% to 17–18%
Umesh Revankar, Executive Vice Chairman of Shriram Finance, stated the company is comfortably funded and does not require fresh capital for growth. The capital to risk-weighted assets ratio stands at 20% plus. Revankar also raised the growth guidance from 15% to 17–18%, driven by increasing rural demand.
This announcement may boost investor confidence, reflecting strong fundamentals and growth potential in the non-banking financial sector.
Not investment advice. For informational purposes only.