Adopting conservative approach on gold loan, Shriram City Union Finance has reduced gold loan exposure in April- June quarter. The gold loan will be 25-35% of the company’s total loan book.
Recently, the company posted a rise of 13.54% in its net profit at Rs 117.42 crore for the quarter under review as compared to Rs 103.42 crore for the same quarter in the previous year. Total income has increased by 19.59% at Rs 805.74 crore for Q1FY13 as compared Rs 673.76 crore for the corresponding quarter previous year.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
