Magma disbursement grew 37%
Leading asset finance company Magma Fincorp announced the Q2, FY 12 results that reflected strong growth in business disbursals and Assets under Management (AUM) over corresponding quarter of the last year.The disbursements grew at a robust 37 percent to Rs 1,558 crore, riding high on the performances across product categories.Commenting on the company?s performance, Sanjay Chamria, Vice Chairman and Managing Director, Magma Fincorp, said, ?We have shown a strong growth trajectory in majority of our products, despite a slowdown in the industry, rise in fuel costs and repeated interest rate hikes by the central bank.