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See improvement in our asset quality going forward: Umesh Revankar, Shriram Finance

"Our credit cost in the first quarter was 1.67%, much below our long-term average of 2%. That means we should be able to continue this good run for a longer time."

Umesh revankarShriram financeVehicle loansTwo wheeler sales

Expect tight liquidity for next two quarters making NIM expansion a little challenging: Umesh Revankar, Shriram Finance

"NIM will remain at current levels. It may not ease immediately because the indication from the inflation and RBI standpoint, and overall liquidity in the system is likely to remain at present level or maybe a little tightened over the next one quarter or two. Our credit cost in the first quarter was 1.67%, much below our long-term average of 2%."

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AU Small Finance Bank plans entry into microfinance business, acquisition may bolster the plan

The lender, while planning its own microfinance loan product, is also said to be exploring the acquisition route which would help it with a ready microfinance platform. "We remain open to the idea of inorganic growth," executive director Uttam Tibrewal told ET, adding : "However, I can t comment on any media reports that suggest we are in discussion with somebody for a merger. We discuss so many things at our small finance bank forum."

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Muthoot Finance launches Bharosa India Ka campaign featuring Madhuri Dixit: Best Media Info

Muthoot Finance launches Bharosa India Ka campaign featuring Madhuri Dixit: Best Media Info
bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.

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AU Small Finance Bank set to maintain its industry-leading loan growth

AU Small Finance Bank set to maintain its industry-leading loan growth
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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