Magma Fincorp aims for 50% rise in loan book
By Vaibhav Aggarwal
Aug 9, 2011
Print    Email    RSS   

Non banking finance company (NBFC), Magma Fincorp is aiming to see a 50% growth in its loan book in this fiscal. It plans to take its loan disbursal figures to Rs 8000 crores of which Rs 375 crore would be targetted in Kerala.

The total disbursals for the bank for the last fiscal was Rs 5,414 crore, said Vice President Magma Fincorp, Dhrubasish Bhattacharya.

We will continue with our focus on providing asset finance to the economically disenfranchised in Kerala and expect to further grow in the states," he said.

The NBFC currently has 172 branches all over India to which it plans to add 28 more branches in this year.

Mr Bhattacharya said that the company presently has 6 branches in Kerala and will be coming up with the seventh branch in a month's time.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

12 point conduct checklist for bank and...
Consolidation good for creating healthier...
BPLR or Base rate?? Which is better…?
Carnival of Indian Personal Finance Blogs #6
Bank loans that could glitter for you

HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive