Tata Capital to raise Rs 2,100 cr

“By March 2011, the company plans to raise Rs 2,100 crore through issue of Tier II bonds,” Tata Capital Managing Director Praveen Kadle told reporters here.

“... We are growing much better than the average credit growth of the country ... First quarter growth was not that big ... but we are seeing significant growth beginning of second quarter and I am hoping we will see further growth in the last two quarters,” he added. The company expects at least 50 to 60 per cent loan growth in the current fiscal, Kadle said.

Tata Capital on Tuesday announced the scale up of its consumer finance and advisory business (CFAB), which aims to be a one- stop shop for providing the entire financial requirements through a single window. By the end of 2009, the company plans to cover 80 cities across the country.