STFC not considering increase in lending rates: Company vice-chairman

It will be 'nimble-footed' as a NBFC and not seek a banking license, says Umesh Revankar

Vehicle financier Shriram Transport Finance Company (STFC) sees demand recovering this financial year. Umesh Revankar, the company’s vice chairman and managing director, said STFC’s prefers being a non-banking financial major and not go for a banking license. In an interview with Shine Jacob, he said the company’s merger with Shriram City Union Finance (SCUF) is on track.

Here are edited excerpts from the interview.

After the pandemic-hit last two financial years, are you seeing a recovery in demand? How do you see the changes happening in green energy?

Financial year 2022-23 has started on a strong note, credit demand had