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The Hindu
10 hours 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.
Bloomberg
03-03-2025
- Business
- Bloomberg
Shriram Finance Plans Loan, Adding to Record $2 Billion Funding
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Shriram Finance Ltd., India's biggest truck financier, is in talks with banks to raise up to $250 million, adding to its record of $2 billion borrowing through offshore loans this financial year.
