Latest news with #ShriramFinance
The Hindu
5 days ago
- Business
- The Hindu
Shriram Finance to revise interest rates on fixed deposits from June 26
Shriram Finance Ltd., the flagship company of the diversified conglomerate Shriram Group, would revise its interest rates on fixed deposits with effect from June 26, the company said on Wednesday. As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50% per annum while women depositors would receive an additional 0.05% per annum on fixed deposits. For deposits of 12 months, the existing rate of 7.65% would be revised to 7.35% while for deposits made through digital mode for a period of 15 months would be revised to 7.50% from the current 7.90%, Shriram Finance said in a company statement on Wednesday. For 18 months, the interest rates would be revised to 7.40% (current 7.80%), 24 months 7.50% from the existing 7.90%. Interest rates would be revised to 8% (from the existing 8.40%) on deposits with a tenure of 36, 50 and 60 months, respectively. Shriram Finance said the interest rates on Fixed Investment Plans (FIPs) which are available via the 'Shriram One' mobile application and website would also be revised from June 26, 2025. Shriram Finance Ltd currently has a pan India presence of 3,220 branches and an employee base of 79,872. It serves about 95.56 lakh customers, it said.
Time of India
5 days ago
- Business
- Time of India
Shriram Finance to revise interest rates on fixed deposits from June 26
Shriram Finance Ltd , the flagship company of the diversified conglomerate Shriram Group, would revise its interest rates on fixed deposits with effect from June 26, the company said on Wednesday. As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50 per cent per annum while women depositors would receive an additional 0.05 per cent per annum on fixed deposits. For deposits of 12 months, the existing rate of 7.65 per cent would be revised to 7.35 per cent while for deposits made through digital mode for a period of 15 months would be revised to 7.50 per cent from the current 7.90 per cent, Shriram Finance said in a company statement on Wednesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo For 18 months, the interest rates would be revised to 7.40 per cent (current 7.80 per cent), 24 months 7.50 per cent from the existing 7.90 per cent. Interest rates would be revised to 8 per cent (from the existing 8.40 per cent) on deposits with a tenure of 36, 50 and 60 months, respectively. Live Events Shriram Finance said the interest rates on Fixed Investment Plans (FIPs) which are available via the 'Shriram One' mobile application and website would also be revised from June 26, 2025. Shriram Finance Ltd currently has a pan India presence of 3,220 branches and an employee base of 79,872. It serves about 95.56 lakh customers, it said.
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Business Standard
5 days ago
- Business
- Business Standard
Shriram Finance to revise interest rates on fixed deposits from June 26
Shriram Finance Ltd, the flagship company of the diversified conglomerate Shriram Group would revise its interest rates on fixed deposits with effect from June 26, the company said on Wednesday. As per the revised structure, senior citizens (aged 60 years and above at the time of deposit or renewal) would be eligible for an additional interest of 0.50 per cent per annum while women depositors would receive an additional 0.05 per cent per annum on fixed deposits. For deposits of 12 months, the existing rate of 7.35 per cent would be revised to 7.65 per cent while for deposits made through digital mode for a period of 15 months would be revised to 7.90 per cent from the current 7.50 per cent, Shriram Finance said in a company statement on Wednesday. For 18 months, the interest rates would be revised to 7.80 per cent (current 7.40 per cent), 24 months 7.90 per cent from the existing 7.50 per cent. Interest rates would be revised to 8.40 per cent on deposits with a tenure of 36, 50 and 60 months, respectively. Shriram Finance said the interest rates on Fixed Investment Plans (FIPs) which are available via the 'Shriram One' mobile application and website would also be revised from June 26, 2025. Shriram Finance Ltd currently has a pan India presence of 3,220 branches and an employee base of 79,872. It serves about 95.56 lakh customers, the company said.
Economic Times
13-06-2025
- Business
- Economic Times
NBFCs turn top overseas borrowers in April with over $1.5 billion loans
Indian companies raised $2.92 billion through overseas loans in April, with NBFCs leading the way, securing $1.53 billion for on-lending and sub-lending. Shriram Finance topped the list with $955 million in external commercial borrowings. ECB has become a cheaper funding option for NBFCs, diversifying their funding mix amid reduced bank lending due to risk weights. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Non-banking finance companies dominated the overseas loan fundraising of India Inc in April, in continuation with the trend seen in the past financial companies and non-bank lenders raised $2.92 billion through overseas loans in April, data released by the Reserve Bank of India (RBI) on Thursday the total, over half, or $1.53 billion, were raised by six NBFCs for the purpose of on-lending and sub-lending. In April, Shriram Finance topped the overall chart with a total external commercial borrowing of $955 million across two loans. SMFG India Credit Company and Indian Renewable Energy Development Agency raised $208 million and $180 million, Global Data Centers and Cloud Infrastructure, Intas Pharmaceuticals, AM Green Ammonia (India), L&T Finance and InterGlobe Aviation were also among the 10 top borrowers in FY25, external commercial borrowing inflows reached a record $61 billion, with NBFCs accounting for 43% of that, up from a share of between 20% and 37% over the preceding five years. ECB had emerged as a cheaper option for NBFCs as it helped lower the cost of funds as well as diversify their funding mix, experts said. Additionally, bank lending to NBFCs had come down because of the risk weights, pushing the top lenders to tap overseas markets. For FY25, bank lending to NBFCs rose 5.7%-almost half the 11% credit growth recorded by the banking sector.
Business Upturn
11-06-2025
- Business
- Business Upturn
Nifty 50 top losers today, June 11: Shriram Finance, Power Grid, Bharat Electronics, Adani Enterprises and more
By Aman Shukla Published on June 11, 2025, 15:42 IST Indian equity benchmarks closed higher on June 11 after a volatile trading session. The Nifty 50 settled at 25,141.40, up 0.15%, while the Sensex ended at 82,515.14 with a gain of 123.42 points. Despite the overall market gains, several Nifty 50 heavyweights witnessed notable losses. Among the biggest losers of the day were well-known names like Shriram Finance, Power Grid and Bharat Electronics. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on June 11 Shriram Finance ended at ₹684.6, falling 2.3% from its previous close. Power Grid Corporation dropped 2.0%, closing at ₹295.1. Bharat Electronics slipped 1.3% to ₹392.3. Adani Enterprises fell 1.1%, ending the session at ₹2,584.1. IndusInd Bank declined by 1.1%, closing at ₹836.0. Adani Ports and Special Economic Zone closed at ₹1,458.4, down 1.0%. Tata Consumer Products dropped 1.0%, settling at ₹1,103.5. Hindustan Unilever fell 0.9%, finishing at ₹2,372.7. HDFC Bank also lost 0.9%, ending at ₹1,947.9. Nestle India closed at ₹2,410.0, down 0.9%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Adani enterprisesBharat ElectronicsNiftyPower GridShriram Finance Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
