The Tata Group company is also planning to raise up to Rs 4,126 crore through a domestic bond sale next week.
The external commercial borrowing being raised by Tata Capital Housing Finance is part of a liabilities diversification programme, Tata Capital managing director and chief executive Rajiv Sabharwal said.
Fintech companies are active in the P2P platforms and the RBI has created separate NBFC-P2P category for proper regulations
The bond issue by the non-bank lender involves raising Rs 2,000 crore through the issue of three, five and 10-year paper, while the Tata group-company can retain oversubscriptions of Rs 5,500 crore more.
The paperless process, based on customer's consent, involves a simple two-step biometric authentication using UIDAI's Aadhaar database, Tata Capital said in a statement.
Thomas Cook India said its board has approved the signing of an agreement with Tata group firm Tata Capital, to acquire its wholly owned subsidiaries, Tata Capital Forex and TC Travel and Services.
Shopping with this card with give 3.5% value back at all Star Bazaar outlets plus the advantage of earning an additional up to Rs 500 bonus, through Star's loyalty program, every month.
Under the 'Salaam Loans' initiative, individuals would be able to upload their own story, or stories of people known to them on the website www.doright.in, which will then be showcased across the country through social and digital media, the company said in a statement.
Talent engagement is among the core focus areas for Tata Capital and the goal is to ensure that each employee finds value.
The app - 'myLoan' is a social profile based personal loan mobile application.
"The doubling of farmers' income is possible if sufficient investment is made in modernisation, diversification and high value addition in Indian agriculture," Ney said at an event here on financing for agriculture.
Siva Group chairman C Sivasankaran in an interview with Forbes India said he has been needlessly forced into boardroom battle at Bombay House.
"Mistry dragged me into the controversy, but did not mention that I had pledged my shares for the loan," says an agitated Sivasankaran.
Tata Capital today said the Rs 200-crore loan to two firms of Siva group was sanctioned by a panel of its Board and due processes were followed, rebutting ousted Tata Sons Chairman Cyrus Mistry's allegation that it was given on the "strong advice" of an executive trustee.
Habitat for Humanity is a non-profit organisation that aims to eliminate poverty housing by providing shelter to the families in need. This project aims to support families with safe, secure and affordable housing, the company said in a release.
"Tata Capital, the financial services arm of the Tata Group, signed a MoU with Confederation of Indian Industry (CII) to partner with them in the SME Finance Facilitation Centre initiative," Tata Capital said in a release.
With this pact, Tata Capital will be able to distribute its products through LKP Securities' network of over 3,000 sub-brokers and its customer base, a company statement said.
Tata Group on June 16 announced a tie-up with ride-sharing company Uber Technologies to offer the drivers and owners on Uber platform comprehensive vehicle purchase and financing solutions, among other benefits
Tata Capital, the flagship financial services company of the $ 108 billion Tata Group today announced a partnership with Biz2Credit, a leading online resource for small business finance.
In an interview with moneycontrol.com, Govind Sankaranarayanan, COO - Consumer Finance & Retail Business, Tata Capital, discusses how the company is embracing the digital revolution and how he thinks it will change the nature of the lending business in the foreseeable future.
The company's open offer will close on December 30. Offer price was revised from Rs 16,632 a share earlier to Rs 17,505 per share.
The companies, however, declined to comment on the amount being invested and the percentage of stake being picked up. TOF is the second Indian entity to invest in Uber after The Times of India group's Times Internet bought a small stake for about Rs 150 crore in the US-based company in March.
Jayesh Ranjan, Secretary, Department of IT, Electronics and Communications also said besides picking up stake, the Tata group company has also expressed interest to manage the fund which is expected to reach USD 100 million at the peak.
The car loan portal offers customised loans with flexi EMI options like step-up, step-down, bullet and balloon payments for the entire range of cars, SUV, MUVs, cross-over vehicles and premium cars, including over 20,000 used cars.
Tata Capital, the financial services arm of Tata Group, has tied-up with online retail major Snapdeal under its Capital Assist programme for financing sellers and online merchants.