Retail investors are caught between two contrasting moves in deposit rates. Bajaj Finance has hiked deposit rates by up to 45 basis points to accelerate fundraising. Meanwhile, Shriram Finance plans to cut rates by 15–35 bps after a rating upgrade. The divergence highlights how firms manage funding and credit perceptions differently.
Proxy advisory firms SES and IIAS have urged investors to vote against resolutions needed to operationalise Shriram Finance’s deal with MUFG. Their concern: special rights that place MUFG in a “driver seat” role and a non-compete fee paid to promoters. Shriram Finance counters that the rights are protective and do not dilute promoter control, and says the fee benefits all shareholders.
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Shriram Finance reported a sharp rise in standalone net profit, up 41% year-on-year to Rs 3,014 crore for the March quarter. Net Interest Income increased as well, while Assets under Management grew 15%. The NBFC has recommended a final dividend of Rs 6 per share, taking the full FY26 dividend to Rs 10.80.
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