Shriram finance the latest RBI lending rate stance
The latest RBI lending rate stance could benefit Shriram Finance's funding costs, according to sector analysts. Lower cost of funds may translate into better spreads in their retail loan book over the next two quarters. The Tokyo-based banking leader is, however, not averse to taking a higher stake in the company or even a controlling interest, over time, the report said. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” Shriram Finance stock traded around ₹2,180 on the NSE in the latest session, showing a weekly gain of 3.5%. Analysts point to strong loan growth in the commercial vehicle segment as a key driver, with projected FY25 earnings per share rising 14% year-on-year.
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