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'Meaningful lowering of funding cost only in three-four quarters'

The New Indian Express

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September 01, 2025

UMESH Revankar, executive vice-chairman of Shriram Finance the largest vehicle financing non-banking lender is hopeful of high double-digit growth this fiscal and closing the year with a 3 lakh crore loan book, up from current ₹2.72 lakh crore.

In an interview with Benn Kochuveedan, he calls for a dedicated refinancing window for NBFCs, similar to how housing finance companies have access to the NHB or further strengthening Sidbi's existing refinancing programmes.

What is holding back corporates from investing, leave alone taking credit from financial institutions? Urban demand has slowed down a little but rural demand has been good. For us, overall credit growth has been on expected lines. We are targeting 15% but grew 16% in Q1. So, we are comfortable with the growth rate as rural demand is still holding up.

Yes, it is a fact that capacity utilisation levels have not really grown. Normally, in the past, manufacturers would go for expansion once they reach 70-75% capacity. This time around, they are at 80-85% but still not going in for expansion. Perhaps, the reason is that disruptions have become more frequent, and as a result, no one is willing to commit to long-term investments. That could be the underlying cause for missing capex cycle by private sector.

FLERE HISTORIER FRA The New Indian Express

The New Indian Express

NAME MORE STANDS AFTER WOMEN CRICKET GREATS

SUNDAY will go down asa red-letter day in women’s cricketing history for more reasons than one.

time to read

1 mins

October 14, 2025

The New Indian Express Chennai

Abishan's debut as lead wraps filming

It was earlier announced that Tourist Family director Abishan Jeevinth is all set to make his debut as a lead in an upcoming film.

time to read

1 min

October 14, 2025

The New Indian Express Chennai

The New Indian Express Chennai

Pooja Hegde's look from Jana Nayagan is here

On the occasion of Pooja Hegde's 35th birthday on Monday, the makers of Vijay-H Vinoth's Jana Nayagan dropped her character's look and her name, Kayal.

time to read

1 min

October 14, 2025

The New Indian Express Chennai

Hooked on Hitchcock

Anshuman Jha talks about how a German play seeded the idea of Lord Curzon Ki Haveli, his love for Alfred Hitchcock, and which three directors were in his wishlist when he debuted as an actor

time to read

3 mins

October 14, 2025

The New Indian Express

INDIA bloc to boycott JPC on bills to oust tainted CMs ministers, Cong tells Rijiju

THE Congress informed Union Minister Kiren Rijiju on Monday that it, along with other opposition parties, will not be part of the joint committee of Parliament on three Bills that seek the removal of top government functionaries under arrest for 30 consecutive days on serious charges, according to party sources.

time to read

1 min

October 14, 2025

The New Indian Express Chennai

The New Indian Express Chennai

Netflix announces slate for new Tamil originals

ON Monday, Netflix announced its slate for four Tamil originals.

time to read

1 mins

October 14, 2025

The New Indian Express

Sebi chief asks MF trustees to build guardrails for industry, investors

TUHIN KANTA PANDEY, chairman of the Securities and Exchange Board (Sebi), on Monday urged mutual fund trustees to implement early warning systems that can detect anomalies and trigger timely interventions.

time to read

1 mins

October 14, 2025

The New Indian Express

The New Indian Express

India’s criminal justice system to be most modern, says Shah

UNION Home Minister Amit Shah on Monday described the implementation of the three new criminal laws—the Bharatiya Nyaya Sanhita (BNS), Bharatiya Nagarik Suraksha Sanhita (BNSS) and Bharatiya Sakshya Adhiniyam (BSA)—as a historic reform and the biggest overhaul of India’s criminal justice system in the 21st century.

time to read

1 mins

October 14, 2025

The New Indian Express Chennai

The New Indian Express Chennai

Stanley Tucci to headline heist film

STANLEY Tucci is set to lead the star cast of a high-stakes heist drama.

time to read

1 min

October 14, 2025

The New Indian Express Chennai

Bridgerton Season 4 gets a release date

THE makers of Bridgerton, have announced that season 4 will release in two parts (four episodes each), with the first streaming on January 29, followed by part 2 on February 26.

time to read

1 min

October 14, 2025

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