India's Shriram Finance rises on report RBI not mulling leadership curbs for non-bank lenders

Bajaj Finance

18/03/2026 05:05

Updates

** Indian non-bank lenders Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS rise as much as 2.4 and 2.9%, while shadow lenders such as LIC Housing Finance LICH.NS, Muthoot Finance MUTT.NS and Jio Financial JIOF.NS gain 0.5% to 2.5%

** SHMF last up 1.1%, while BJFN reverses gains to trade 0.5% lower

** CNBC-TV18 report says that the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs, citing sources with knowledge of the matter

** BJFN lost 10% last week, taking their three-week drop to about 18%; SHMF lost a modest 0.4% last week

** In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation "could impact SHMF followed by BJFN and force them to plan for leadership transitions in the near to medium term"

** India's financials .NIFTYFIN lost 5.7% last week as benchmarks logged their worst week in years and confirmed a correction as crude prices spiked due to the Middle East conflict

Leadership tenure at India's non-bank lenders https://reut.rs/4sjvFNX

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))