Indian non-bank lender Shriram Finance eyes 20-fold growth in green portfolio, exec says

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Indian non-bank lender Shriram Finance eyes 20-fold growth in green portfolio, exec says

//business-finance.news-articles.net/content/202 .. 20-fold-growth-in-green-portfolio-exec-says.html

Published in Business and Finance on Tuesday, February 11th 2025 at 6:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Indian non-bank lender Shriram Finance aims to boost its green portfolio 20-fold over the next three years as it diversifies its loan book, a top official said on Tuesday.

- Click to Lock Slider

Shriram Finance, an Indian non-bank lender, is targeting a significant expansion of its green portfolio, aiming for a 20-fold increase to 50 billion rupees ($602.43 million) by 2025, as stated by Umesh Revankar, Executive Vice Chairman. This growth strategy focuses on financing electric vehicles (EVs) and other environmentally friendly assets, aligning with India's push towards sustainable energy solutions. The company has already started to diversify its offerings, moving beyond traditional vehicle financing to include solar products and other green technologies. Revankar highlighted the potential in the EV sector, noting that while the market is still developing, there is a clear trend towards electric vehicles, particularly in the two-wheeler and three-wheeler segments. This initiative not only supports India's environmental goals but also positions Shriram Finance to tap into the growing demand for green financing.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/indian-non-bank-lender-shriram-finance-eyes-20-fold-growth-green-portfolio-exec-2025-02-11/ ]