The NBFC sector is on a strong wicket: SCUF MD & CEO Y S Chakravarti

"Even if you look at the single-party exposure, there is a great deal of leeway for us to go to banks and borrow"

Shriram Group has received the Competition Commission of India’s nod for the merger of Shriram City Union Finance (SCUF) and promoter entity Shriram Capital with Shriram Transport Finance Company (STFC). The newly minted entity - Shriram Finance - will be the country’s largest retail non-banking financial company (NBFC) with assets under management of Rs 1.65 trillion (end-June). Y S CHAKRAVARTI, managing director and chief executive officer of SCUF (he is to head the merged entity as well) spoke with Raghu Mohan on the road ahead for the company and the sector. Edited excerpts:

What were the drivers behind the three-way