The company will focus on auto loans, housing finance and used vehicle loans (suvidha) to deliver the numbers.

To a query on fund raising plans, he said the board has cleared the proposal to raise about Rs 500 crore at its meeting held recently.

Non-banking finance company Magma Fincorp plans to romp up disbursements by another 21 per cent in retail loans in FY 13 in the state.

Asset finance company Magma Fincorp aims to disburse over 40 per cent on its retail loan portfolio in Tamil Nadu during this financial year...

Magma Fincorp Limited plans to open 29 new branches in the country and is looking at 50 per cent growth in loan disbursement target.

Magma Fincorp Limited plans to disburse over Rs 650 crores in Andhra Pradesh in FY 11 and also to romp up disbursements by another 50% in r...