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NBFC TAB Capital Raises Rs. 80 Crore in Debt
November 07, 2017
Online lending platform and Non-Banking Financial Company (NBFC) TAB Capital has raised funding of Rs. 80 crores from MAS Financial, South Indian Bank, Bank of India, and Vijaya Bank.
The fintech company is planning to achieve loan books up to Rs. 200 crores by March 2018, and up to Rs. 500 crores by March 2018- its two ambitious targets for which the capital is to be utilized.
Managing Director and chairperson of TAB Capital, Abhay Bhutada said that the company plans to roll out two-wheeler loans shortly as well.