What happens if a Shriram Finance goes bankrupt?
Deposits with Shriram Finance are not covered under the ₹5 lakhs DICGC insurance, which is applicable to scheduled bank deposits. However, Shriram Finance is a well-established NBFC with a strong track record, offering secure and reliable investment options for our customers. SFL has received several ratings that indicate a high degree of safety for investors, including:
CRISIL AA+/Stable: For its non-convertible debentures of Rs 8000 crore
ICRA AA+ (Stable): For its fixed deposits (FDs)
IND AA+/Stable: For its FDs.