Tata Capital Housing Finance looking to raise Rs 3000 crore from NHB

3 Nov 2022 , 09:52 AM

In order to expand its business, Tata Capital Housing Finance, a Tata Capital subsidiary, intends to make a significant push into the home loan market. To do so, it is looking for capital of Rs3,000 crore from the National Housing Bank and intends to raise Rs1,000 crore through bonds. Both retail and real estate developers will be eligible for financing from the organisation.

The funds are being sought as the company’s loan portfolio grows, going from Rs29,311 crore on March 31 to Rs33,201 crore as of September 30 this year. Loans to real estate developers made up the remaining 55% of the overall portfolio, followed by loans against property (27%), and retail housing loans (55%).

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