Shriram Finance

Unlisted player in the insurance sector with reported growth in premiums.

CCI Score

-15.05

0.01% April 18

Latest Event

RBI Fines Shriram Finance for Regulatory Non-Compliance

The Reserve Bank of India imposed a fine on Shriram Finance for failing to set up a system to periodically review risk categorization of accounts. This regulatory action highlights significant shortcomings in the firm's adherence to ethical business practices and poses concerns regarding its overall transparency and accountability in financial management.

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ENABLER

Shriram Finance is currently rated as an Enabler.

-10 to -19 CCI Score

Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

FEB

18

2025

RBI Fines Shriram Finance for Regulatory Non-Compliance
-30.61

The Reserve Bank of India imposed a fine on Shriram Finance for failing to set up a system to periodically review risk categorization of accounts. This regulatory action highlights significant shortcomings in the firm's adherence to ethical business practices and poses concerns regarding its overall transparency and accountability in financial management.
-40

Business Practices and Ethical Responsibility

March 25

Shriram Finance was fined ₹5.80 lakh by the RBI for failing to establish an effective system to review risk categorization. Such a lapse not only breaches regulatory norms but also undermines ethical business practices, reducing trust and accountability in financial operations.

RBI Fines Shriram Finance, Ujjivan SFB, and Nainital Bank for Violations
-20

Economic and Structural Influence

March 25

The failure to implement a robust system for periodic risk categorization reflects broader issues in the firm's structural oversight. This shortfall can contribute to systemic vulnerabilities in the financial sector, undermining economic stability and transparency which are critical in resisting authoritarian impositions.

RBI Fines Shriram Finance, Ujjivan SFB, and Nainital Bank for Violations
FEB

14

2025

RBI Penalties for Regulatory Lapses
-39.31

Shriram Finance was fined Rs 5.80 lakh by the RBI for failing to implement a proper system for periodic review of risk categorisation of accounts, highlighting shortcomings in its business practices and ethical responsibility.
-40

Business Practices and Ethical Responsibility

March 25

The RBI fine for non-adherence to regulatory guidelines reveals significant lapses in Shriram Finance's internal risk management and compliance mechanisms. Such deficiencies undermine ethical business practices and public accountability, which are critical in resisting authoritarian practices that thrive on corporate opacity and disregard for regulation.

RBI imposes penalties on Shriram Finance, Nainital Bank, & Ujjivan Small Finance Bank for regulatory lapses
FEB

10

2025

RBI Penalizes Shriram Finance for Compliance Failures
-29.45

On February 10, 2025, the Reserve Bank of India imposed a penalty of Rs5.80 lakh on Shriram Finance for failing to comply with key regulatory mandates, including KYC directions and proper oversight of risk categorization and contractual agreements. This non-compliance points to significant weaknesses in the company's business practices and ethical responsibility, raising concerns about its overall corporate governance.
-30

Business Practices and Ethical Responsibility

March 25

Shriram Finance's failure to adhere to regulatory mandates, as evidenced by the RBI fine for non-compliance with critical KYC and risk management directives, reflects poorly on its ethical practices. This lapse in corporate responsibility undermines the integrity of regulatory oversight, indirectly contributing to an environment where accountability is weakened—a factor that can erode democratic norms over time.

RBI Penalizes Shriram Finance, Fine Rs5.80 Lakh
FEB

01

2025

Shriram Finance Executive Comments on Union Budget 2025
39.17

Executive Vice Chairman Umesh Revankar of Shriram Finance commented on the Union Budget 2025, emphasizing targeted initiatives in agriculture to empower millions of farmers through government schemes. His public engagement on budget policies signals a positive stance on initiatives that support sustainable growth and social development.
+40

Executive Political Engagement

March 25

The executive’s public commentary on the Union Budget 2025 reflects proactive political engagement, supporting government initiatives that empower farmers and drive sustainable growth. From a progressive perspective, this indicates a commitment to policies that promote social welfare rather than authoritarian interests. While the statement is self-promotional in nature, its emphasis on grassroots empowerment positions it positively in the context of corporate political behavior.

Union Budget 2025 Reactions | Drives sustainable growth across sectors: Umesh Revankar, Executive Vice Chairman, Shriram Finance