Tata Capital plans to raise $3.38b debt this fiscal to fund double-digit credit growth

Tata Capital plans to raise $3.38b debt this fiscal to fund double-digit credit growth

FILE PHOTO: A man walks past a Tata sign outside their offices in London, Britain March 30, 2016. REUTERS/Toby Melville

India’s Tata Capital plans to raise 280 billion rupees ($3.38 billion) mainly through debt instruments and bank lines in the current financial year to fund its double-digit credit growth, a top executive at the non-banking finance company (NBFC) said.