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April 16, 2021 00:08 IST Updated: April 16, 2021 00:08 IST Updated: Share Article AAA Piramal Retail Finance, a business of Piramal Capital and Housing Finance Ltd, a subsidiary of Piramal Enterprises Ltd., has announced the expansion of its multi-product retail financing platform by foraying into consumer and used-car finance. It will focus on small and mid-towns in India and with DHFL under Piramal’s kitty, it aims to be among to among the top five non-banking financial companies in five years, its CEO Jairam Sridharan said. With the latest product introductions, Piramal Retail now offers seven products in its target markets – affordable housing loans, mass affluent housing loans, loans against property, secured small business loans, purchase finance, unsecured loans and used-car loans. ....
Piramal Retail Finance enters consumer & used car finance April 15, 2021 Eyes ₹3,000 crore of new loan book originations With a focus on retail lending, Piramal Retail Finance on Thursday announced its foray into consumer and used car finance, even as it expects the retail share of the lending book of the Piramal Group to increase to over 40 per cent with the merger of Dewan Housing Finance Corporation Ltd (DHFL) with Piramal Capital and Housing Finance Ltd. “The overall lending book is at about ₹45,000 crore, of which ₹5,000 crore or 11 per cent of the total lending book is from retail. DHFL book has got a substantial retail portion as well. By end of the fiscal year, retail share of the financial services business is likely to grow to mid-40s,” said Jairam Sridharan, Chief Executive Officer, Piramal Retail Finance. ....