Indiabulls has a balance sheet size of Rs 91,000 crore, of which around 25 percent is cash balance. Banga expects the balance sheet size to rise to Rs 1 lakh crore by the end of current fiscal.
Talking about the overwhelming response seen by the issue, Kapil Wadhawan, CMD, DHFL says it would be a game-changer not only for the company but for the industry as a whole.
Bank borrowings from the repo window hit record high of Rs 2.16 lakh crore on Tuesday, a day before RBI restrictions on overnight loans come into effect.
At the onset of the new financial year (2013-14), bank borrowings from RBI dropped sharply on Thursday to about Rs 52,100 crore as against a high of Rs 1.75 lakh crore recorded on March 28, FY13. The new low is also below the central bank's comfort zone for liquidity currently stood at around Rs 68,000.