Shriram Finance Eyes 15-20% Loan Growth in Upcoming Year, Aims to Maintain Profit Margins
Shriram Finance, a leading financial institution, is poised for significant growth in the upcoming year, with Executive Vice Chairman Umesh Revankar targeting a 15-20% increase in loan growth. To achieve this ambitious goal, the company plans to maintain its profit margins within the range of 8.50% to 9% for the next fiscal year. This strategic move is expected to drive business expansion and strengthen the company's position in the market. With a focus on sustainable growth and profitability, Shriram Finance is well-positioned to navigate the evolving financial landscape and capitalize on emerging opportunities. As the company continues to expand its loan portfolio, it is likely to attract new customers and retain existing ones, ultimately driving revenue growth and increasing its market share in the financial services sector. Key areas of focus for the company include asset quality, risk management, and digital transformation, all of which will be crucial in achieving its growth objectives and maintaining a competitive edge in the industry. By prioritizing these areas and maintaining a disciplined approach to lending, Shriram Finance is confident of achieving its targets and delivering long-term value to its stakeholders.
