Shriram City Union Finance will shortly foray into the mortgage business through its wholly owned subsidiary, Shriram Housing Finance Ltd.
Mr. Sujan Sinha , MD and CEO, Shriram Housing said, "We have just received approval from the National Housing Bank and we will shortly begin our housing finance operation," .
Nowt, Shriram City Union is into financing activities like gold loan, SME loan and auto loan.
''Shriram City Union has assured an equity comfort of Rs 100 crore in the housing finance arm.I am expecting a lending of about Rs 700-800 crore in the next 18 months. We will take a call on additional funding options of equity infusion after we reach around Rs 800 crore exposure level," he also said.
Mr. Sujan Sinha , MD and CEO, Shriram Housing said, "We have just received approval from the National Housing Bank and we will shortly begin our housing finance operation," .
Nowt, Shriram City Union is into financing activities like gold loan, SME loan and auto loan.
''Shriram City Union has assured an equity comfort of Rs 100 crore in the housing finance arm.I am expecting a lending of about Rs 700-800 crore in the next 18 months. We will take a call on additional funding options of equity infusion after we reach around Rs 800 crore exposure level," he also said.
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