HomeFinance NewsSee robust demand for CVs; new branches to drive loan growth, says Shriram Transport Finance

See robust demand for CVs; new branches to drive loan growth, says Shriram Transport Finance

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By CNBC-TV18 April 30, 2018, 12:46:03 PM IST (Published)

See robust demand for CVs; new branches to drive loan growth, says Shriram Transport Finance
Shriram Transport Finance reported a strong quarter in terms of balancesheet growth. Disbursements to were at a record high.


Managing Director Umesh Revankar is very upbeat on the demand scenario. He said the demand for bigger commercial vehicles (CVs) across the country has gone up due to strict overloading norms. The demand was maximum from North and the East of India, he added.

The rural demand from all states across the country has also seen an uptick, he said, adding that the demand growth trend in Q1FY19 is expected to be good.

Revankar said the asset under management (AUM) growth for FY19 is likely to be 18-20 percent. “The company plans to add another 200 branches in FY19, which will drive loan growth,” said Revankar.

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