Shriram City Union Finance is likely to introduce more outlets in North India in the next three years. It currently has 100 branches and it aims to take the total count of its outlets in the North to 250 in the next three years. The entity has inaugurated its100th branch at Khanpur in South Delhi few days back. The average value of small business loan, in the northern region provided by the company is about Rs 3 lakh.
The Chennai-based Shriram Group is also planning to apply for the new banking license to be issued by the Reserve Bank of India. The RBI had recently issued the final guidelines for the new bank licenses.
