Background: Shriram City Union Finance, the retail finance arm of the Shriram Group, offers diversified loan products ranging from low risk (loan against gold) to high risk segments (small business loans and two-wheeler financing). Strong group parentage (three decades expertise in the finance services space) is among the key positives. The company benefits from Shriram Chits' branch infrastructure and existing customers, deriving more than 85% of its business from Shriram Chits' network. Shriram City operates through a wide distribution network of ~1000 branches, 600 of them are owned by Shriram City and the rest are shared with group companies. Most of the...