Shriram Transport Finance

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

A post graduate from Delhi School of Economics with a Masters in Economics from Boston University, he served in various key government positions in Odisha and at the Centre

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

Good demand for used vehicles in rural market, says Umesh Revankar in interview

The operating profit for the second quarter of the current financial year was up by 24 per cent to Rs 2,131 crore compared to Rs 1,717 crore during the same period in 2021-22

Group conducting trial run at branches, preparing super app for merged entity called Shriram Finance

HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank

Stocks to Watch Today: Analysts recommend lack of clarity on the new policy may limit the upside on Concor; Govt to acquire stake in Voda Idea after the stock stabilizes above Rs 10.

Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent

Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders and creditors and NCLT, CCI and Irdai

Stocks to Watch Today: HDFC and HDFC Bank are likely to be in focus as the stocks exchanges have approved the proposed merger for these two corporates.

Group chief digital officer says the conglomerate is working on one of the country's largest super apps by bringing the products of all associate concerns under one umbrella

The company's Net Interest Income increased by 22.16 per cent to Rs. 2,627.82 crore as against Rs. 2,151.12 crore.

In an interaction with Shine Jacob, Revankar says the company is expecting a growth rate of 10 per cent in assets under management (AUM) in 2022-23

Shriram Transport Finance Company said it has raised Rs 900 crore by issuing bonds on a private placement basis

Non-bank financing company Shriram Transport Finance Company (STFC) on Monday reported a 6.47 per cent decline in standalone profit after tax at Rs 680.62 crore in the quarter ended December 2021

Traders are advised to buy MOIL and Shriram Transport Finance on dips near 178 and 1200, respectively.

Street has reckoned Shriram Transport Finance Corporation as an indirect play on the CV cycle - this appeal will reduce post the potential merger, analysts said

The less complex structure may attract fresh investors to the new entity

STFC is mainly into vehicle finance, specialising in funding second-hand trucks, while Shriram City Union is into consumer finance.