By IANS,
Kolkata: Asset financing company Magma Fincorp Limited Thursday announced it will disburse Rs.340 crore in retail loans in Uttar Pradesh in 2010-11.
The company already has deep penetration in the state with 13 branches and will open three new branches in Gorakhpur, Bareilly and Bijnore, a company statement said here.
“By penetrating deeper in the state, we will focus on providing asset finance to the economically disenfranchised in the state. We expect to grow our business in the state by about 35 percent in the new financial year,” Sanjiv Jha, zonal sales manager-north, said.
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