MoneyWorks4Me

Shriram City Union Finance’s arm raises Rs 680 crore

13 Nov 2019 Evaluate

Shriram City Union Finance’s subsidiary--Shriram Housing Finance has raised Rs 680 crore from public and private sector banks and the National Housing Bank (NHB). While the company got Rs 100 crore each from Indian Bank and United Bank of India in fresh loans, it received Rs 150 crore from Canara Bank in a securitization deal, Rs 150 crore from Syndicate Bank as term loan and Rs 130 crore from National Housing Bank through a re-finance scheme.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.

Peers