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Shriram Finance seeks RBI nod for primary dealership licence

Business Standard

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April 09, 2025

Hemendra Kothari's DSP group may join fray

- SUBRATA PANDA & ANJALI KUMARI

Shriram Finance, one of the largest non-banking financial companies (NBFCs) in the country, is eyeing a standalone primary dealership (PD) licence from the Reserve Bank of India (RBI), to underwrite auctions of government securities, according to multiple people in the know.

RBI is very selective about granting PD licences. If granted, Shriram Finance will be one of the first asset finance NBFCs to get a PD licence in recent times.

DSP Finance, the non-banking finance arm of Hemendra Kothari's DSP Group, is also planning to apply for a primary dealer (PD) licence, sources said. The NBFC currently offers loans against mutual fund and structured loans and in the process of offering loans against shares.

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