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Wednesday, Jan 30, 2002

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Tata Fin posts loss

Our Bureau

MUMBAI, Jan. 29

TATA Finance Ltd has posted a net loss of Rs 55.77 crore in the quarter ended December 31, 2001 as compared to a net profit of Rs 10.28 crore in the same period last year. Total income is at Rs 127.11 crore as compared to Rs 152.11 crore.

The net loss has been arrived after considering extraordinary items & contingencies amounting to Rs 37 crore, which is mainly provision against exposure on inter-corporate deposits.

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