Tata Capital, the non-banking finance arm of Tata Group, today said it expects revival of demand in auto, housing and personal loans from the third quarter and plans to raise Rs 2,100 crore through bond issue by the end of next fiscal.

"By March 2011, the company plans to raise Rs 2,100 crore through issue of Tier II bonds," Tata Capital Managing Director Praveen Kadle told reporters here.

Also Read   Related Stories News Now - Advance tax collections shore up in Q2 - Tata Chemicals to expand edible salt production capacity - 'We do not want to compete in terms of numbers' - 'We do not want to compete in terms of numbers' - Tata Sons looking to up its holdings in Tata Group firms - Tata Sons busy behind closed doors at equity infusions

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers More

"... We are growing much better than the average credit growth of the country ... First quarter growth was not that big ... But we are seeing significant growth beginning of second quarter and I am hoping we will see further growth in the last two quarters," he added.

The company expects at least 50 to 60 per cent loan growth in the current fiscal, Kadle said.

Tata Capital today announced the scale up of its consumer finance and advisory business (CFAB), which aims to be a one- stop shop for providing the entire financial requirements through a single window.

"The company has created a unique, common sales and service structure which dovetails all consumer finance and advisory products and services into a common branch network," Kadle said.

By the end of 2009, the company plans to cover 80 cities across the country through a chain of around 120 branches.

Tata Capital said that these touch points will offer a diverse mix of retail offerings in the ares of consumer loan products and investment advisory services.

These include home loans, auto loans, personal loans, education loans, loan against property, advisory services and equity trading.

To cater to the needs of branches, Tata Capital plans to recruit around 600 people taking its head count to 1,000 by the end of this fiscal.

Tata Capital has about Rs 2,100 crore of equity capital and has raised Rs 1,500 crore through public bond issue in February this year.

Tata Capital is a subsidiary of Tata Sons and is registered with the RBI as a non deposit accepting non banking financial company.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : Tata Capital | Tata Group | personal loans | auto loans | housing loans   Read Business news in  Advertisements -  "Discover The Power of One" -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More