Capital First clarifies on news iteam

Capital First has clarified on the news item appearing in a leading financial daily titled, Canara Bank in talks with Capital First, other NBFCs to buy more retail loans.

August 16, 2013 / 08:28 IST

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With reference to the news item appearing in a leading financial daily titled "Canara Bank in talks with Capital First, other NBFCs to buy more retail loans", Capital First Ltd has clarified to BSE that "Capital First Limited routinely undertakes funding in the form of borrowings from various banks and Mutual Funds, and does Direct Assignment or portfolio to various banks on an ongoing basis.Further, we would like to state that borrowing and assignment of loans on an ongoing basis is a normal business activity of an NBFC and the aforesaid information is not a price sensitive information."Source : BSE

Read all announcements in Capital First

first published: Aug 16, 2013 08:28 am

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