Arman Financial Services’ wholly owned subsidiary - Namra Finance has received a certificate of registration as Non-Banking Finance Company-Micro Finance Institutions (NBFC-MFI). The company received the same from Reserve Bank of India (RBI) on February 14, 2013.
Arman has rich experience in two and three wheeler segment with all its clientele based in Ahmedabad. The company has a database of 20,000 clients with proven credit worthiness which is advantageous for a personal loan or a repeat vehicle loan. The Company was originally rated by ICRA, the noted rating agency and it was assigned credit rating of `7’ which was indicative of safe borrowing from the Bank.
