Shriram City Union Fin clocks its highest two-wheeler loan disbursals at Rs 1,000 cr in Nov

This represents disbursements of slightly over Rs 1,000 crore. This is a new high for the lender, Shriram City Union Finance said. Shriram City had also financed over 1 lakh two-wheelers in October 2020, and counts among the largest such financiers in the country by volume, it added.

"The festival months have generally always seen Shriram City scale up its two-wheeler financing business, but this year's performance has been particularly pleasing as it comes on the back of a prolonged lockdown. "After having financed over 1 lakh vehicles in October, our teams did even better in November, and we funded almost 1.67 lakh two wheelers in the month," the company's MD and CEO Y S Chakravarti said. The company financed 10.41 per cent of the number of two-wheelers sold in the country in the month, he added.