Shriram City Union Finance to strengthen presence in eastern States

Shriram City Union Finance, the non-banking finance company is planning to strengthen its presence in the eastern States. The company is also aiming to expand in Tamil Nadu and Andhra Pradesh, which are the major markets for the deposit-accepting NBFC. It is also looking at expanding in states such as Madhya Pradesh, Rajasthan and Punjab.

Currently the company has just about half a dozen branches in the eastern States, including West Bengal and Bihar and it aims to increase this to 60 in the next 12-18 months.