Our multi product activity event was held on 16 & 17 May 2017 at Sasaram in Bihar which primarily focused on Asset Based Funding (ABF)products.
The two day event generated substantial business for the ABF team and we thank all of them who helped us since this also bought a great amount of brand awareness for us.
Q1 FY17 has been a steady quarter for Magma Fincorp. The Asset Backed Financing (ABF) business witnessed disbursement growth of 12% YOY, SME lending recorded a robust 25% increase. Consolidated NIMs grew 48 bps YOY to 6.9%. The growth in NIM coupled with an increase in fresh business and better management of opex contributed to 14% YOY growth in PBT of Rs 65.4 crore. The Company has recorded... View details ⇨