TPG Capital buys 49% in Shriram holding firm

Shriram Group and US-based TPG Capital, the global buyout arm of the leading global private equity investment firm, announced a definitive agreement in which TPG will invest up to $120 million (Rs......

Maruti, Shriram tie up for rural car finance

Stepping up efforts to penetrate deeper into the semi urban and rural India, country's largest car maker Maruti Suzuki Indiainked a pact with Shriram City Union Finance on Monday with an initial......

Gold loan: Low-cost option and credit score no bar

Gold loan is currently the fastest-growing loan category (among the various types disbursed to individuals). Photograph: Shailesh Andrade/Reuters On February 26, 2021, the outstanding loan against......

Tighter dud-loan norms: Shadow banks brace for headwinds

On November 12, 2021, the Reserve Bank of India (RBI) decided to ring in uniformity in asset classification and income recognition across all lending institutions. Illustration: Dominic......