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ICICI Bank, Magma Fincorp enter into Co-origination arrangement

18 Sep 2019 Evaluate

Magma Fincorp has entered into Co-origination arrangement with ICICI Bank for Asset backed finance business i.e., loans for Car, Commercial Vehicles and Construction Equipment, both new and used.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

Peers
Company Name CMP
HDFC Bank 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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