Amid slower vehicle growth, Shriram Finance eyes newer loan segments
Mumbai: Shriram Finance is reworking its lending strategy amid slower growth in vehicle finance and focusing on emerging segments such as renewable energy, merchant credit, fisheries, and supply chain finance.
Managing director and chief executive officer Y.S. Chakravarti explained that, given the high cost of power and the high incidence of power cuts in tier-II and beyond cities, the lender’s biggest interest is in retail renewable energy, which includes retail and small commercial establishments installing their own rooftop solar panels.
