Subhasri Sriram, ED & CFO, Shriram City Union Finance is confident of above 17 percent asset under management (AUM) growth in FY17 than FY16. The stock is up 25 percent from January lows and 10 percent away from 52-week high. Over the weekend, Birla Sun Life Mutual Fund and SBI Mutual Fund bought 7.19 lakh and around 5 lakh shares in the company, respectively. Talking about the business outlook going forward, she said, the non-south market is well established now; adding that the two-wheeler space in that market has contributed around 25 percent to the loan book. “Over the last 10-years we have built our presence in north and central India,” said Sriram. She does not expect any major competition on the small finance banking front because the segment that they operate in is still very much under-banked and under-served.
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