Shriram Finance plans to raise up to $1.5bn by FY25 from international sources, diversifying borrowings.

Shriram Finance, an Indian non-banking lender, plans to raise up to $1.5bn from international sources by FY25, according to CEO Y S Chakravarti. The funds will be raised through a mix of loans and bonds, to diversify borrowings. The move follows the Reserve Bank of India's November mandate to set aside more capital for loans to NBFCs, increasing fundraising expenses.