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Bauma is an important platform for the industry

Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

Dedicated infra financing vehicles are need of the hour

Eight months in office, the Central Government has done well to improve the business sentiment. Several measures aimed at easing the way of doing business have been taken. Things have started looking up for the infrastructure sector too.

Magma Fincorp disbursals up 50%

Leading asset finance company, Magma Fincorp announced the Q3, FY12 results that reflected strong growth in business disbursals and assets under management (AUM) over corresponding qu?a?rter of the last year.

Ajay Rawal new CMO of Magma Fincorp

Magma Fincorp announced the appoi?nt?ment of Ajay Rawal as Chief Marketing Officer (CMO). As CMO, he will anchor the Magma's branding ini?tiatives and guide the Channel & Product Development efforts.

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.

Magma to open 5 MP branches

Magma Fincorp annou?nced its ambi?tious gro?wth plans for Madhya Pradesh for the financial year 2012. The company, which disbursed Rs 327 crore in Madhya Pradesh in FY 11

Srei BNP financed equipment over Rs 5,000 cr in Q1FY12

The main vehicle for leasing in India are the NBFCs, but these financing entities do not enjoy a level playing field vis-?-vis banks. For example, in terms of NPA allowance and recovery of bad assets, banks have a clear advantage over NBFCs.

Magma aims 50% growth in Kerala

Magma Fincorp announced its ambitious growth plans for Kerala for the financial year 2012.

Magma to Open 5 Branches In MP

Magma Fincorp announced its ambitious growth plans for Madhya Pradesh for the financial year 2012.

Magma targets 50% growth in Karnataka

Magma Fincorp anno?unced its ambitious growth plans for Karnataka for FY 2012. The company plans to ramp up disbursements by another 50 per cent in retail loans in Karnataka in FY12.

Magma PAT up 82 per cent

Magma Fincorp, an asset finance company registered with the Reserve Bank of India, has announced strong numbers for the third quarter of the current financial year.

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