Shriram Finance rules out banking license plans after MUFG investment — Check details
Shriram Finance confirmed it will not apply for a banking license after MUFG’s $4.4 billion investment for a 20% stake. The company prefers to remain an NBFC, focusing on retail lending opportunities without structural changes in management. Non-banking finance company (NBFC) Shriram Finance on Monday, December 22, said that the company has no plans to…