Post merger between Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF), loan book of the merged entity, Shriram Finance rises by 27% and the portfolio is more diversified. We revise our FY23-25 EPS by -4%/4% factoring in the merger. We believe AUM should grow at 15% CAGR over FY23-25e, but with some NIM […]
Consultants and service providers in the country have urged the government to stop routing domestic foreign currency deals via the US banking system, in order to avoid transaction fees and save foreign currency. Rather such domestic deals involving foreign currencies such as the US dollar should be routed through the Reserve Bank of India. At […]