Magma Fincorp to disburse Rs.447 crore in West Bengal

August 5th, 2010 - 5:58 pm ICT by IANS  

Kolkata, Aug 5 (IANS) Asset financing company Magma Fincorp would disburse Rs.447 crore in retail loans in West Bengal in 2010-11, the company said here Thursday.
“We will focus on providing asset finance to the economically disenfranchised in the state. We expect to grow our business in the state by over 35 percent in this new financial year,” said Timir Ghoshal, zonal sales head.

Magma has eight offices in West Bengal in Kolkata, Asansol, Behrampur, Durgapur, Kharagpur, Malda and Siliguri. Magma is also present in Gangtok, which falls under its West Bengal operations.

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