INSUBCONTINENT EXCLUSIVE:
Mumbai: Tata Capital, the financial services arm of the $100-billion Tata Group, plans to add more lending products, expand business within
the group, and tap new sources of funding, such as masala bonds and non-convertible debentures (NCDs), to diversify its balance sheet, CEO
Last month, it raised Rs 3,500 crore by selling its first NCD in almost a decade
The NCD issue had hit the market just before NBFCs began to feel the liquidity squeeze.
The revenue-raising agenda includes a planned
retail lending, housing finance, vendor financing, loan against property and SME loans dominate our book
We want to make it more granular and have multiple engines of growth," said Sabharwal, who took over as CEO in April.
