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Shriram Group firms raise ₹2,000-cr FDs
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Shriram Housing Finance Q1 net profit up 82% - The Hindu BusinessLine
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Broker s call: Shriram City Union (Outperformer)
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CMP: ₹1,626.45
Shriram City Union Finance (SCUF), the retail finance arm of the Shriram Group, offers diversified loan products ranging from low-risk (loan against gold) to high-risk segments (small business loans and two-wheeler financing).
Strong group parentage (three decades expertise in the finance services space) is among the key positives. The company benefits from Shriram Chits’ branch infrastructure and existing customers, deriving more than 85 per cent of its business from Shriram Chits’ network. Shriram City operates through a wide distribution network of nearly 930 branches 600 of them are owned by Shriram City and the rest are shared with group companies.
GSAP 1.0 centrepiece of RBI money policy: Economists, analysts break it down
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Last Updated: Apr 07, 2021, 01:17 PM IST
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Synopsis
The benchmark 10-year bond yield rose to 6.19% post-policy, before falling back to 6.06% after the central bank announced a secondary market government securities (G-sec) acquisition programme.
Agencies
The RBI s Monetary Policy Committee on Wednesday announced the outcome of its first policy review of FY22.
The Reserve Bank of India (RBI) stuck to its accommodative monetary policy stance amid concerns that rising infections could derail the country’s nascent economic recovery. The benchmark 10-year bond yield rose to 6.19% post-policy, before falling back to 6.06% after the central bank announced a secondary market government securities (G-sec) acquisition programme.
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