Tata Capital eyes 25-30% credit growth in FY20 amid ongoing NBFC crisis

BUSINESS STANDARD Tata Capital eyes 25-30% credit growth in FY20 amid ongoing NBFC crisis The company is now focusing on newer avenues to grow

The biggest advantage we have is our strong parentage. Whatever challenges that these NBFCs were facing in the recent past; we have not been hit by that Rajiv Sabharwal, MD, chief executive of Tata Capital

Companies News: Amid the crisis in the NBFC sector, Tata Capital, the financial services arm of the Tata Group, is looking at a growth of 25-30 per cent per year in its loan book in the next financial year (FY20) and beyond.

With the loan book value of the company at Rs 70,000 crore, a 25-30 per cent growth could take it up to Rs 1 trillion in 2020. At present, it has three lending arms — Tata Capital Financial Services, Tata Capital Housing Finance and Tata Cleantech — a joint venture with International Finance Corporation.

Rajiv Sabharwal, managing director and chief executive of Tata Capital, said, “We want to grow at 25-30 per cent and also ensure that our portfolio quality and return to investors remains good.”...Read More