Shriram Finance keeps universal-bank option open as MUFG tie-up lowers funding costs
Shriram Finance says it may revisit a universal bank licence in 1–2 years, while using MUFG’s investment and OEM links to deepen vehicle, MSME dealer and supply-chain finance. It targets 18% AUM growth in FY27 and plans to grow gold loans to ₹20,000 crore over three years.
Shriram Finance may reconsider a universal bank licence with MUFG’s backing. Lower borrowing costs and MUFG OEM relationships support vehicle finance, while the NBFC plans to expand MSME dealer and supply-chain financing and nearly triple gold loans over three years.
Why this matters
Shriram Finance’s bank-licence option and MUFG-led funding push follow its recent goal to double gold loans’ loanbook share to 5% in three years, showing parallel expansion in lending products and funding sources.
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