Realising the mining potential

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.

Equipment Financing: Widening the Net

CE financing has definitely picked up and has registered a growth of 20 per cent over last year. Though the industry has not touched the peak levels of 2007-08, it expects to end the 4th quarter on a high and continue the growth story in 2011-12.