Tata Capital says new norms to eat into bottom lines of NBFCs

A A

PTI: Mumbai, Sunday, Jan 13, 2013 at 1531 hrs IST

Tata Group's finance subsidiary Tata Capital has expressed reservations about the Reserve Bank's proposed changes in the norms governing NBFCs, saying the move will negatively impact profits and raise lending rates. "Overall, in the short-run it will impact NBFCs' profitability and our ability ....Read more

Ads by Google

Jain Irrigation promoters pledge shares Power Finance Corporation Q2 profit zooms 33%, to set up $1 bn fund with Tata CapitalPFC to set up $1-bn PE fund with Tata Capital Tata Capital to offer loans for medical needs

Previous Story Vested interests, foreign NGOs spreading falsehood: Tata Power Next Story Katrina Kaif gets relief in Rs 2.79-crore service tax case

Reader's Comments (1)| Post a Comment

Fe Comment

venkataramanaiah ramu | Monday , 14 Jan '13 10:55:41 AMReply | Forward

It would be appropriate for TataCapital to go in for Banking in a full-fledged manner and there is no doubt tnat like any other Tata venture, Banking also would become a successful entity and probably one of tbe most faovoured.