Smoother road ahead

The situation Shriram Transport Finance Company (STFC) is one of the largest non-banking finance companies (NBFCs) in India which finance commercial vehicles. The company specialises in financing second-hand commercial vehicles, wherein it has created a niche segment and has capitalised on the absence of formal financing solutions. The fourth quarter of FY15 was a drag on STFC's results. Shriram Equipment Finance Company Limited (SEFCL), a subsidiary of STFC, reported a net loss of ₹237.13 crore as a result of higher provisioning for N

This article was originally published on September 11, 2015.