Magma plan on asset finance

Hyderabad
12 Jul 2017

The Kolkata-based non-banking financial company, Magma Fincorp, has plans to disburse Rs 6,000 crore this fiscal in the asset finance business category, a senior company official said on Wednesday.
"In the asset finance category our disbursal in FY17 was Rs 4,700 crore and this year we would like to see a growth of 25 per cent over last year. I am confident that FY18 would be a good year," Magma Fincorp (Asset Finance) president and CEO Kaushik Banerjee told reporters here.
"We are planning nearly Rs 6,000 crore disbursals...we would like to look at that number (Rs 6,000 crore)...however, there are external factors. Our growth rate will be on two major things - GST and monsoon," he said. (PTI)