What's next for you after the Shriram Housing deal? Will you be targeting becoming a bank in the future?
We did the deal because we wanted to focus on the core business. Our focus will remain on the core business of lending to small entrepreneurs. If we have to do anything in the financial system, we have to focus on the road map given by the Reserve Bank of India (RBI). The RBI should come out with the road map for NBFCs to become banks.
Until then, we cannot even imagine this.
As and when the RBI comes out with a road map, we will relook at the way we do business and make the necessary changes.
Shriram Finance's gold loan assets under management (AUM) has declined. How are you looking at this business?
This story is from the January 29, 2025 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 29, 2025 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PSBs May Agree to 20% Haircut on MTNL Loans.
They have ₹8,144 cr exposure to troubled telco
AI Takes Center Stage in Policies of States to Attract Investors
As the dust settles on DeepSeek's achievement, another Chinese company, Alibaba, on Wednesday claimed that its latest version of the Qwen 2.5 AI model has surpassed the compatriot's DeepSeek-V3.
Ulip tax confusion sends insurance stocks into tailspin
A slew of announcements for the insurance sector sent stocks in this space into a tailspin.
PPP, asset monetisation open door for pvt sector
FM proposes ₹1.5trn outlay for 50-yr interest-free loans to states for capex
Centre sets capex goal for FY26 at ₹11.21 trn
May miss FY25 target by ₹93,000 cr due to election-year restrictions
Is it a step towards 'Nyaya'?
The finance minister (FM) saved the most impactful announcement for last – salary income up to ₹1 lakh per month is now tax-free.
'Clear & direct': New I-T Bill next week
Finance Minister Nirmala Sitharaman on Saturday announced that the government will introduce a new income tax Bill next week to ease compliance burden.
Reforms-based, prudent Budget
India's economic resilience amid an uncertain world order provides a unique opportunity to our nation.
Tax breaks for SWFs in infra extended by 5 yrs
In an effort to attract more global investments, Finance Minister Nirmala Sitharaman on Saturday announced an extension of the special tax exemption provided to sovereign wealth funds (SWFs) and pension funds investing in infrastructure by another five years.
Defence allocation sees 6.26% rise
Sector gets small nudge at 1.9% of GDP amid clamour for more money as strategic challenges continue