₹39,618 Cr MUFG Investment In Shriram Finance | No Bank Licence, 20% Growth Target Explained

Shriram Finance has secured a massive ₹39,618 crore investment from Japan’s Mitsubishi UFJ Financial Group, which will acquire a 20% stake in the NBFC. Despite the landmark deal, Shriram Finance has made it clear that it has no plans to apply for a universal banking licence. Executive Vice Chairman Umesh Revankar says the company sees ample growth opportunities within its existing NBFC business.