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Sriram of IndusInd Bank: CE finance industry is a competitive marketplace

AG Sriram, Head – Consumer Finance Division, IndusInd Bank, speaks on the current portfolio in relation to construction equipment financing

We will have our biggest presence in Excon this year

The construction equipment (CE) segment has already been riding a massive infrastructure push by the government. The CE market grew by around 32 per cent in 2016-17 (unit sales).

SEFC has already attained the most prominent position in the CE finance space

We have drawn a three-year plan and in the first tranche, we are well on track. The next three years will be a mixed bag of challenges and opportunities and we will capitalise on the same and consolidate our position to be one of the largest NBFCs in this segment, says Akshaya Nayak, Head Administration and Legal, SEFC.

Equipment Financing: Shriram will be one of the biggest retail CE financiers soon

Differentiation in NBFC and bank regulations on income recognition on NPA assets, risk weightage on assets, TDS on repayments, all are some of the major challenges, says Pratap Paode, Chief Executive Officer, Shriram Equipment Finance Company.

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