Mumbai (Maharashtra) [India], May 3 (ANI/PRNewswire): The Shriram Group has consistently prioritised the interests of the 'Common Man' at the forefront of all business decisions. With an emphasis on providing financial services to the bottom of the pyramid, Shriram Finance has continuously excelled at serving the underserved. According to Umesh Revankar, Executive Vice Chairman of Shriram Finance, "The business will provide financial management to more people and work towards the empowerment of more communities so they can take full advantage of the money they make". Shriram Finance offers a special interest benefit of 0.50 per cent p.a. for senior citizens and 0.10 per cent p.a. for women depositors inclusive of which one can earn attractive interest rates as high as 9.10 per cent p.a. "Over the course of my 47-year journey, I have seen the sector evolve multi-fold due to the introduction of policies that have helped us serve the under-served," stated R.Thy
Mumbai (Maharashtra) [India], March 15 (ANI/PRNewswire): According to the IMF, global GDP will decelerate to 2.9 per cent in 2023, down from 3.4 per cent in 2022. The International Monetary Fund (IMF) expects India to grow at a rate of 6.0-6.5 per cent, down from a predicted rate of 7 per cent. It is understandable that recession can be a worrying time for both consumers and business. "Our company is expanding rapidly. We are growing in numbers. While we recruited more than 3,500 during the third quarter, largely for cross-selling and upselling of products, we intend to hire another 1,000 in the current quarter with regards to the recent merger," states S Sunder, Joint Managing Director of Shriram Finance. Financial Inclusion of SMEs SMEs have a key role in driving employment, especially in developing economies. SMEs contribute to employment generation and growth of economy. According to Umesh Govind Revankar, Executive Vice Chairman of Shriram Finance, Micro, Small and Mediu
Mumbai (Maharashtra) [India], March 13 (ANI/PRNewswire): According to Kuvera's research, nearly half of the 1.6 million investors revealed they preferred Fixed Deposits (FDs) when they wanted money within 3 years with safety. This would represent 44% of the survey's overall respondents. To beat inflation, another 23% chose to store their emergency cash in FDs. Y.S. Chakravarti, MD and CEO of Shriram Finance states that, "The fixed deposit continues to be the instrument with the highest level of stability because the depositor is always guaranteed the maturity amount and does not run the danger of losing the principal amount. Since it is independent of the market, one can also choose to receive interest payments on a regular basis from fixed deposits. Senior citizens can also benefit from greater interest rates offered by fixed-deposit plans, along with the special senior citizen interest benefit of 0.50%p.a. Investing in a fixed deposit can prove to be ideal as it helps th
TVS Credit, expects strong momentum heading into the festive season for its loan offerings - Two-Wheeler Loans, Consumer Durable Loans, Mobile Loans, Used Car Loans, Tractor Loans, Used Commercial Vehicle Loans, Business Loans, and Personal Loans.