Shriram Finance, a non-banking finance company, outlines medium-term targets to expand its lending portfolio. The company aims to double the share of its gold loans to 5% within the next three years. It also plans to increase the proportion of lending to micro, small and medium enterprises (MSMEs) over the medium term, targeting 20% of its overall loan portfolio. The announcements reflect a strategy focused on both expanding gold-backed lending and increasing credit access for MSMEs. While the statements provide specific percentage targets and time horizons for these segments, they do not indicate changes to overall business size, pricing, or underwriting conditions in the information provided. The company’s approach is positioned as a portfolio rebalancing effort, shifting a larger portion of lending toward gold loans and MSMEs as it grows. No additional financial figures, implementation timelines beyond the stated horizons, or regulatory developments are included in the available details.
Shriram Finance sets targets to grow gold loans and MSME lending
Shriram Finance, a non-banking finance company, outlines medium-term targets to expand its lending portfolio. The company aims to double the share of its gold loans to 5% within the next three years....
- Shriram Finance targets gold loans to reach a 5% share of its loan portfolio within three years.
- The company aims to double the current share of gold loans over the stated period.
- Shriram Finance targets MSME lending to rise to 20% of its overall loan portfolio over the medium term.
- The firm is a non-banking finance company.
- The targets focus on increasing the mix of gold loans and MSME credit within the loan book.
The non-bank lender is also keen to increase the share of micro, small and medium enterprises in the overall loan portfolio over the medium term to 20%.
11 hours agoThe non-bank lender is also keen to increase the share of micro, small and medium enterprises in the overall loan portfolio over the medium term to 20%.
11 hours ago
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