Arman Financial Services has forayed into a new state of Rajasthan, by opening 4 pilot branches in Chittorgarh and Pratapgarh districts during Q3 FY2018-19. The total operational branches as on December 31, 2018 are 165 compared to 119 the same quarter the previous year.
As a matter of prudence, the company scaled down branch expansion in Q3 FY19 by putting a temporary hold in opening 7 additional branches due to liquidity crunch in the market. These branches will be opened in Q4 FY19 assuming stable fund availability.
Arman Financial Services, a leading Gujarat based nonbanking financial company (NBFC), with interests in microfinance, two wheelers and MSME loans.
