Latest News | Shriram City Union Fin Clocks Its Highest Two-wheeler Loan Disbursals at Rs 1,000 Cr in Nov

New Delhi, Dec 3 (PTI) Shriram City Union Finance on Thursday said it has clocked its highest ever two-wheeler loan disbursals at over Rs 1,000 crore in November on the back of festive demand.

The company financed over 1.66 lakh two-wheeler loans in November 2020, it said in a release.

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This represents disbursements of slightly over Rs 1,000 crore. This is a new high for the lender, Shriram City Union Finance said.

Shriram City had also financed over 1 lakh two-wheelers in October 2020, and counts among the largest such financiers in the country by volume, it added.

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"The festival months have generally always seen Shriram City scale up its two-wheeler financing business, but this year's performance has been particularly pleasing as it comes on the back of a prolonged lockdown.

"After having financed over 1 lakh vehicles in October, our teams did even better in November, and we funded almost 1.67 lakh two wheelers in the month," the company's MD and CEO Y S Chakravarti said.

The company financed 10.41 per cent of the number of two-wheelers sold in the country in the month, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)