 "Shriram Finance to enter supply chain lending, trade finance biz")
The Shriram group plans to foray into supply chain finance as well as trade financing and will scale up its loans against property (LAP) under the combined entity Shriram Finance.
Umesh Rewankar, executive vice-chairman and chief executive officer (CEO) of Shriram Transport Finance Company (STFC), said there are short-term lending opportunities on radar.
One is discounting invoices on the technology platform as the group is already into small and medium enterprises (SME) financing (under Shriram City Union).
Supply chain financing is an area of interest where there are many options. Finance companies can now participate in factoring. Though funding is of short duration
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