Shriram Finance’s AUM touch Rs 33,000 cr in states of Andhra Pradesh and Telangana

Shriram Finance today announced that the company’s AUM in the states of Andhra Pradesh (AP) and Telangana (TG) touched Rs 33,000 crore. The growth has been due to the economic turnaround, the recovery of rural markets and the reception of infrastructure activity. This, in turn, has boosted demand for financing for commercial vehicles, micro, small and medium enterprises (SMEs) and two-wheelers.

Shriram Finance caters to the diversified financial needs of 13,50,000 customers through its 498 branches and over 10,000 employees across AP & TG states. The company has a large fixed deposit franchise in AP & TG totaling over 2930 crores with over 46,000 depositors. The company’s growth strategy will focus on promoting the autonomous economy and the SME economy.

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(This story was not edited by Business Standard staff and was automatically generated from a syndicated feed.)

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