Shriram Finance's wholly-owned subsidiary, Shriram Overseas Investments Limited, has formally applied to the RBI for a Primary Dealer license on March 12, 2026. This follows a prior announcement made on August 13, 2025, indicating the group's strategic intent to enter the government securities market. A Primary Dealer license would enable the subsidiary to participate in primary auctions and act as a market maker in sovereign debt. This move is expected to diversify the company's financial services portfolio beyond its core lending business.

CARE Ratings has assigned and reaffirmed its highest 'CARE AAA; Stable' rating for Shriram Finance’s various debt instruments, including a significant ₹50,000 crore in bank facilities. The rating agency highlighted the company's leadership in used commercial vehicle financing and its successful diversification into MSME and gold loans post-merger. SFL's AUM stood at ₹291,709 crore as of December 2025, supported by a pan-India network of 3,225 branches. The report also views the potential 20% equity stake sale to MUFG as a positive driver for future global funding access.

Shriram Finance Limited has been assigned top-tier credit ratings by CARE Ratings for its bank facilities and NCDs. The agency assigned 'CARE AAA; Stable' to Rs 50,000 crore in bank facilities and Rs 7,631.12 crore in proposed Non-Convertible Debentures. This 'AAA' rating is the highest possible, indicating a very low risk of default and superior safety for debt repayment. For a large NBFC, these ratings are critical as they enable the company to raise funds at lower interest rates, thereby protecting net interest margins.

Shriram Finance has received a significant regulatory update regarding its proposed preferential issue to MUFG Bank Ltd. The Reserve Bank of India (RBI) has confirmed that MUFG Bank does not require prior approval for the acquisition of 47,11,21,055 equity shares. This transaction follows the Investment Agreement signed on December 19, 2025, aimed at strengthening the company's capital base. While this clears a major regulatory hurdle, other necessary approvals for the private placement are still pending.

Shriram Finance has determined that two nominees from MUFG Bank Ltd, Mr. Morihiko Fuji and Mr. Shinichi Fujinami, satisfy the 'fit and proper' criteria for appointment as directors. This move is part of a strategic investment agreement dated December 19, 2025, which involves the issuance of 47,11,21,055 equity shares to MUFG Bank. The final appointments are subject to mandatory approval from the Reserve Bank of India (RBI) and the successful consummation of the share allotment. This partnership with a global banking major is expected to strengthen the company's governance and capital position.

Shriram Finance has received in-principle approval from BSE and NSE for a massive preferential issue of 47.11 crore equity shares to MUFG Bank Ltd. The shares are priced at Rs 840.93 each, resulting in a total capital infusion of approximately Rs 39,618 crore. This strategic investment by a global banking major significantly bolsters the company's Tier-1 capital and provides a massive war chest for expansion. The entry of MUFG as a significant shareholder validates the company's long-term growth trajectory in the NBFC space.

Shriram Finance reported a strong Q3 FY26 with a 21.21% Y-o-Y growth in standalone PAT (excluding one-time gains) to ₹2,521.67 crores. Asset quality improved significantly with Gross Stage 3 assets dropping to 4.54% from 5.38% a year ago, while Net Interest Margins (NIM) expanded to 8.58%. The company is benefiting from a lower incremental cost of borrowing at 7.73% and recent credit rating upgrades to investment grade (BBB-) by S&P. Management highlighted robust growth in rural demand and commercial vehicle sales as key drivers for the quarter.

Shriram Finance reported a standalone net profit of ₹2,521.67 crore for Q3 FY26, representing a sequential growth of 9.3% from ₹2,307.18 crore in Q2. Total revenue from operations reached ₹12,165.75 crore, primarily driven by strong interest income of ₹11,833.14 crore. The company's bottom line was slightly impacted by a one-time charge of ₹196.95 crore related to the implementation of new unified Labour Codes. Additionally, the board has approved a new resource mobilization plan for debt issuance starting February 2026.

Shriram Finance reported a standalone Net Profit of ₹2,521.67 crore for Q3 FY26, representing a 9.3% growth over the previous quarter. Total revenue from operations reached ₹12,165.75 crore, driven by strong interest income of ₹11,833.14 crore. While the bottom line appears lower than the previous year's ₹3,569.76 crore, that figure was inflated by a ₹1,656.77 crore exceptional gain; on a pre-exceptional basis, profit grew 21.8% YoY. The board also approved a fresh resource mobilization plan via NCDs and bonds to fund business growth through April 2026.

Shriram Finance reported a robust core performance for Q3 FY26, with total income rising 13.9% YoY to ₹12,191.58 crore. While the reported net profit of ₹2,521.67 crore is lower than the previous year's ₹3,569.76 crore, the latter included a one-time exceptional gain of ₹1,656.77 crore. Excluding exceptional items, Profit Before Tax (PBT) grew by a healthy 21.8% YoY. The company also approved a resource mobilization plan through debt securities for the upcoming quarter to support business growth.

Shriram Finance reported a robust operational performance for Q3 FY26, with total income rising 13.9% YoY to ₹12,191.58 crore. While reported net profit of ₹2,521.67 crore is lower than the previous year's ₹3,569.76 crore, the latter was inflated by a one-time exceptional gain of ₹1,656.77 crore. On an underlying basis, Profit Before Tax (PBT) grew by 21.8% YoY, reflecting strong core business momentum. Additionally, the board has approved a resource mobilization plan to issue debt securities between February and April 2026.

Shriram Finance reported a robust operational performance for Q3 FY26 with total income rising 13.9% YoY to ₹12,191.58 crore. While the reported PAT of ₹2,521.67 crore appears lower than the previous year's ₹3,569.76 crore, the prior period included a massive ₹1,656.77 crore exceptional gain. On a core basis, Profit Before Tax (excluding exceptional items) grew by 21.8% YoY, demonstrating strong underlying business momentum. The company also announced a fresh resource mobilization plan via NCDs and bonds for the February-April 2026 period.

Fitch Ratings has placed Shriram Finance's 'BB+' ratings on Rating Watch Positive following MUFG Bank's agreement to acquire a 20% stake in the company. The deal involves a substantial INR 396 billion (USD 4.4 billion) equity infusion, which is expected to drastically reduce the company's leverage from 4.0x to 2.5x. This strategic partnership with Japan's MUFG is anticipated to provide Shriram Finance with enhanced technology, improved governance, and lower borrowing costs. Fitch expects a one-notch rating upgrade once the transaction concludes in 2026, subject to regulatory approvals.

S&P Global Ratings has upgraded Shriram Finance Limited's long-term issuer credit rating and senior secured debt to 'BBB-' from 'BB+'. The short-term rating has also been raised to 'A-3' from 'B', with a stable outlook. This upgrade signifies a transition into the investment-grade category, reflecting improved financial stability and creditworthiness. Such an upgrade typically leads to lower borrowing costs in international markets and broader access to global capital.

Shriram Finance Limited has received shareholder approval for three key resolutions at its EGM held on January 14, 2026. The primary resolution for a preferential issue of equity shares on a private placement basis was passed with a 98.50% majority. Shareholders also approved granting special rights to investors (99.46% favor) and a one-time non-compete payment to the Shriram Ownership Trust, the company's promoter (91.94% favor). These approvals facilitate capital raising and formalize the promoter's non-compete obligations.

Shriram Finance Limited successfully passed three major resolutions during its EGM on January 14, 2026. Shareholders approved the issuance of equity shares via a preferential issue on a private placement basis with a 98.5% majority. A resolution to grant special rights to the investor also passed with 99.46% approval. Furthermore, a one-time non-compete payment to the Shriram Ownership Trust (Promoter) was approved, despite 8.06% of institutional and public votes being cast against it.

Shriram Finance Limited has successfully obtained shareholder approval for three key resolutions at its Extraordinary General Meeting held on January 14, 2026. The primary resolution for the issuance of equity shares via a preferential issue on a private placement basis passed with 98.50% of votes in favour. Shareholders also approved granting special rights to investors and a one-time non-compete payment to the Shriram Ownership Trust (Promoter). Despite some institutional dissent on the promoter payment (8.06% against), all resolutions were passed with the requisite majority.

CRISIL Ratings has assigned a 'CRISIL AA+/Watch Positive' rating to Shriram Finance's ₹80,000 crore Fixed Deposit programme. This 'Watch Positive' status is primarily driven by the proposed ₹39,618 crore equity infusion from MUFG Bank for a 20% stake, which is expected to significantly bolster the company's capital base. The company's net worth is projected to surpass ₹1 lakh crore following the deal, which should lower incremental borrowing costs and improve profitability. As of September 2025, the company maintains a robust AUM of ₹2,81,309 crore and a healthy 3.0% Return on Managed Assets (RoMA).

Moody's has revised Shriram Finance's outlook to 'Positive' from 'Stable' while affirming its Ba1 rating, primarily driven by MUFG Bank's planned INR 396 billion ($4.4 billion) investment for a 20% stake. This massive capital infusion is expected to significantly boost the company's TCE/TMA ratio from 19% to over 29%, providing a robust capital cushion. The partnership is projected to lower funding costs by approximately 100 basis points over the next two years and improve access to global funding channels. The positive outlook reflects expectations of improved profitability and a stronger financial profile following the transaction's expected closure in 2026.