Shriram Finance Aims for ₹20,000 Crore Gold Loan Book, Eyes EV Growth
· Business · Business Standard
Shriram Finance plans to increase its gold loan book to ₹20,000 crore, up from the current ₹11,000 crore. The company is also focusing on the electric vehicle (EV) financing sector, anticipating significant growth in this segment. This strategic move aims to diversify its portfolio and tap into emerging market opportunities. The expansion into gold loans and EV financing reflects the company's broader growth strategy.
Why it matters
This expansion by Shriram Finance could offer more credit options for individuals seeking gold loans and boost financing availability for EV purchases in India. It signals a potential increase in competition within these financial segments.
Read the original report — Business Standard
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