News

Shriram Finance is mulling raising funds denominated in Japanese yen to diversify its borrowing profile, with talks still in preliminary stages, its CEO said on Monday.

”Our team is exploring a possibility if we can borrow from the Japanese (currency),” YS Chakravarti told Reuters in an interview. ”This could be either from a bank or an international bond issue, which corporates can subscribe to.”

Shriram Finance is ”still exploring the market”, Chakravarti said, without divulging the target or timing of the fundraise.

External commercial borrowing loans made up nearly 15% of Shriram’s total borrowing profile as of March-end, while overseas bonds comprised about 6.8%.

In December, the NBFC raised $1.28 billion in a multi-currency social loan split across the dollar, euro and dirham, with a tenor of up to five years.

On Friday, Shriram Finance reported a smaller-than-expected fourth-quarter profit as high finance costs pressured its bottom line. The company’s shares fell as much as 9% on Monday.

Shriram Finance is targeting AUM growth of around 17%-18% for 2025-26, higher than its earlier guidance of 15%, Chakravarti said.

As of March-end, Shriram Finance’s assets under management (AUM) increased by 17% year-on-year and stood at 2.63 trillion rupees ($30.96 billion).

The NBFC is looking to bank on its passenger vehicle and small and medium enterprise loan portfolios to drive its AUM growth, the CEO said, while also exploring new products, such as unsecured business loans and supply chain financing.

Shriram Finance is also looking to deploy the excess liquidity of about 300 billion rupees on its balance sheet, which will help drive net interest margins in the 8.50%-8.80% range for the current financial year, compared with 8.25% in January-March, Chakravarti added.

”Since we are sitting on excess liquidity we will be in a position to actually bargain for an attractive rate. We see our cost of borrowings to trend lower from current levels,” he added.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Sensex Today Jammu Kashmir News Live Ather Energy IPO JNU Poll Results GIFT Nifty India Economy Apple App Store Dalai Lama TS SSC Results 2025 IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.