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SBI, others in race to buy loan portfolio of Tata Motors’ finance units

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 Mumbai 

State Bank of India is in talks with Tata Motors finance arms to acquire the private firm’s automobile loan portfolio of up to Rs 14,500 crore. Separately, private sector banks have also expressed interest to buy part of the loan portfolios of Tata Motors Finance (TMFL) and Tata Motors Finance Solutions (TMFSL).

A banking source said one of the drivers of asset sales by leading non-banking financial companies (NBFCs) is the imminent change in the interest rate regime. Banks may soon start charging higher interest rates and that step will affect NBFCs as well, said a source close …

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