Asset finance company Magma Fincorp is planning to raise disbursement of retail loans by 29% in Rajasthan during the current fiscal. The company is also planning to increase its manpower strength to meet the challenge. In FY13, the company’s retail loans disbursement grew 26% over FY12 in Rajasthan where it disbursed Rs 736 crore in previous year.
Kolkata headquartered company has 18 branches in the state, of which 6 have been opened this year. The company has branches in Ajmer, Bharatpur, Hindaun, Jaipur, Sikar, Alwar, Bikaner, Jodhpur, Udaipur, Bhilwara, Kota and other cities.
