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Chhattisgarh on priority in Magma Fincorp's expansion plan

The Kolkata-based company is targeting 20% growth in the central state of India in FY17

R Krishna Das  |  Raipur 

Magma Fincorp, a leading non-banking financial company, will be giving Chhattisgarh to priority in the expansion of its business in the country. "Of the 13 new branches to be opened in the south region of the company, eight would be in Chhattisgarh," Dhrubashish Bhattacharya, vice-president of Magma Fincorp Limited, said. The south region in company’s territory comprises Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Chhattisgarh.

The company has planned to increase its number of branches in the south region from 70 to 83. Bhattacharya said that ...

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First Published: Fri, September 09 2016. 17:15 IST
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