........At present the group has two NBFCs -" Shriram Transport Finance Corporation (STFC) and Shriram City Union Finance (SCUF) -" which have assets under management (AUM) to the tune of around Rs 50,000 crore and Rs 15,000 crore respectively. These two companies fund businesses, which provides livelihood to the borrowers. Group Director of Shriram Group G S Sundararajan, who was identified by the Group to head the Banking initiative, said that the new guideline was not different and it was largely in line with what the preliminary guidelines were............
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