New Delhi 

Shriram City Union Finance will focus on personal, gold and small business loans to achieve its 18 per cent growth in AUM in the current fiscal year amid a slowdown in demand for two-wheelers due to shortage of components and other factors, a top company executive said.

Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO, said majority of the company’s business comes from semi-urban and rural markets and anything good for the rural economy will help the company’s business.

“Our focus will be on personal loan, gold loan and small business loans. In terms of economic recovery, we have not recovered fully. Urban areas are still struggling, to some extent the rural economy has picked up probably because, one the harvest has been good and in current year also there is good rainfall prediction,”Chakravarti told PTI in an interaction. He said the crop harvests and also the prices are likely to be good because of the demand globally. “If you look at wheat today, it is selling higher than the MSP. So, I expect the rural economy to do well. But there is still distress in urban areas,” he said.