Tata Capital eyes 25pc credit growth in FY20

21st January, 2019 10:42:39 printer

NEW DELHI: 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, report agencies.

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.”