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

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PTI: Mumbai, Jan 13 2013, 15:31 IST

people," the Tata Capital official pointed out.

He further stated that the weaker than the best rated borrowers residing in small towns, availing money for commercial vehicles and farm equipments and small businesses -- traditional businesses for NBFCs -- will suffer in this case.

Sankaranarayanan said even after the gloomy news on the economic front, Tata Capital will meet its targeted credit growth of up to 30 per cent this fiscal as the company is on an expansion mode.

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venkataramanaiah ramu | 14-Jan-2013Reply | 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.