A recent press report said that the global electronics major Siemens has been granted a non-bank lender license by the Reserve Bank of India for providing financial services to its Indian customers.
Reports said that Siemens Financial Services (SFSPL), the NBFC, will focus on developing an asset financing business by offering products such as loan, leasing and other finance products to its customers in India in the industry, energy and healthcare sectors. Reports also said that it will pursue opportunities in other third party markets.
Mr. Axel Scholz, chief executive, Siemens Financial Services commercial finance Asia Pacific said in a press release that Siemens has planned to offer a range of value-added financing solutions to their customers, as well as working with third party vendors and business customers on a direct basis.
The Siemens Group in India has emerged as a leading inventor, innovator and implementer of leading-edge technology enabled solutions operating in the core business segments of Industry, Energy and Healthcare. The Group’s business is represented by various companies that span across these various segments. As a global player, Siemens offer its customers direct access to a comprehensive network of banks, export-credit agencies and in house financial experts around the world.