NBFCs curb fresh loans in rural markets as weak monsoon raises repayment risks
Shriram Finance moved higher.
· ET Stocks, Economic Times Markets
India's leading non-bank lenders like Shriram Finance and Bajaj Finance are limiting new lending in drought-affected regions. The lenders are closely monitoring borrowers for early signs of repayment difficulties due to weak monsoon rainfall. Companies are adjusting loan growth expectations downward and strengthening collection efforts in impacted locations.
The analysis
Against that, the stock is -2.1% on the day at ₹823.15, and has returned -19.9% over three months. It sits 28% below its 52-week high, which means a good deal of bad news was already in the price. The financial services sector has moved -14.9% over the same period, so Shriram Finance is running 5.0 points behind its peers.
This is a Monsoon / rural demand event. Rural demand is a large share of staples and two-wheeler volumes, and it tracks the monsoon and support prices with a lag of a quarter or two. On the day the stock is -2.1%, so the market took notice.
For Shriram Finance, the question is how much of this is already reflected in the price and how much re-rates the financial services peer set alongside it.
Market context
- In focus: Shriram Finance (SHRIRAMFIN), in Financial Services.
- On the day, 1 of 2 are higher: Bajaj Finance leads at +0.0% and Shriram Finance trails at -2.1%.
- Over three months: Shriram Finance -19.9% against Financial Services -14.9% (5.0 points behind); Bajaj Finance -10.9% against Financial Services -14.9% (4.0 points ahead).
- At least 25% below the 52-week high: Shriram Finance (28%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Shriram FinanceSHRIRAMFIN · Financial Services | ₹823.15 | -2.1% | -16.2% | -19.9% | -27.9% | 0.9× | — |
| Bajaj FinanceBAJFINANCE · Financial Services | ₹939.10 | +0.0% | -2.1% | -10.9% | -19.0% | 1.2× | — |
Financial Services
1M -8.8% · 3M -14.9%
Shriram Finance, Bajaj Finance
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Market wrap: Shriram Finance, Nestle India, Trent, InterGlobe top gainers and losers on Nifty and Sensex on Friday
Bajaj Finance Share Price Live Updates: Bajaj Finance's Performance on the Last Trading Day
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Spandana Sphoorty returns to profit at Rs 18 crore in Q2FY27
Sammaan Capital promoter raises stake to 33.32% after warrant conversion