Did Shriram Transport Finance start advertising on television yesterday?
I got many calls seeking advice on ‘Should I invest in…..’ At 11.5% p.a. the returns are not bad for sure. And to think that they are a well managed Nbfc this interest rate does look attractive does it not?
Well Shriram has raised a lot of money in the current year and one wonders how much appetite for money do they have! If they are borrowing at this rate, at what rate are they lending? Of course they are lending at 17% to the best and at 22% for the not so well off.
Personally, if I can get the SBI bond or even the IfCI bond at yields slightly under what Shriram is offering, I would be tempted to take that…..
Post Footer automatically generated by Add Post Footer Plugin for wordpress.