Magma Fincorp Ltd

Type: Company
Name: Magma Fincorp Ltd
First reported 21 hours ago - Updated 6 hours ago - 4 reports

Magma HDI General Insurance to launch prepaid health card

Magma HDI General Insurance is planning to introduce a prepaid card that will facilitate payments at outpatient departments and day-care facilities of hospitals. The card will be used like any other debit or credit card but only in hospitals.According ... [Published Hindu Business Line - 13 hours ago]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

Govt to take initiatives to improve financial savings: V Lakshmi Narasimhan

Commenting on the budget expectations, V Lakshmi Narasimhan, chief financial officer, Magma Fincorp said, ''As the NBFC sector has reached a critical stage of its growth and development, we would like the government to take steps to increase infrastructure ... [Published MyIris - Jul 07 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Expect 10-11% disbursal growth in FY15: Magma Fincorp

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show »DHowever, he expects a disbursal growth of 10-11 percent – a bulk of which is likely to come from mortgage, tractor, SME, MUV and the personal car segment.Also Read: RBI's NBFC norms to benefit ... [Published Moneycontrol.com - Jul 03 2014]
First reported Jul 01 2014 - Updated Jul 01 2014 - 1 reports

Buy Magma Fincorp; target of Rs 198: IIFL

IIFL`s research report on Magma FincorpMagma Fincorp is a mid‐size NBFCs with an AUM of Rs17.9bn at the end of FY14. Over the past two years, company has diversified its loan assets through 1) portfolio re‐balancing ‐ de‐emphasizing CV and CE financing ... [Published Moneycontrol.com - Jul 01 2014]
First reported Jun 30 2014 - Updated Jun 30 2014 - 2 reports

Avendus PE head Manoj Thakur quits

The chief executive officer (CEO) of Avendus Private Equity, Manoj Thakur, has resigned from his position at the firm. Thakur was part of the founding team which set up private equity business for Avendus.The reason for his exit or his next move could ... [Published VC Circle - Jun 30 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 1 reports

Bajaj Auto, Coal India top gainers; Sensex, Nifty volatile

10:25am Parsvnath Developers in newsRealty firm Parsvnath Developers said it plans to either sell the Rs 1,000-crore worth land parcels in South-West India or form joint ventures with local builders for development."We are planning to monetise our land ... [Published Moneycontrol.com - Jun 25 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 2 reports

Non-deposit taking NBFCs rally as RBI relaxes rules

MUMBAI: Shares of Magma Fincorp, Muthoot Finance and Manappuram Finance surged after the Reserve Bank of India made rules easier for non-banking financial companies (NBFCs) that do not collect public deposits by allowing them to act as business correspondents ... [Published Economic Times - Jun 25 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 1 reports

Muthoot, SKS Fin, Manappuram up 4-8% on RBI's NBFC norms

IThe central bank allowed these companies to offer limited services with the aim of spreading financial inclusion.So far, NBFCs could not be appointed as BCs, which provide limited services on behalf of banks in unbanked areas. The RBI said there should ... [Published Moneycontrol.com - Jun 25 2014]
First reported Jun 24 2014 - Updated Jun 24 2014 - 1 reports

Prefer LIC Housing Finance, Magma Fincorp: Pramod Gubbi

P"Amongst relatively smaller names Magma Fincorp appears fairly attractive for us particularly from a valuation perspective. It still leaves some upside to play for," he added. ... [Published Moneycontrol.com - Jun 24 2014]
First reported Jun 24 2014 - Updated Jun 24 2014 - 1 reports

Bet on financials, auto, mining; sell PSU banks: Ambit

IThough the recent steep railway fare and freight rate hike is seen by many as an anti-populist move, it has boded well with long-term investors, he said. Also, they expect Modi government’s maiden Budget, scheduled on July 10, to be pragmatic.On sectors, ... [Published Moneycontrol.com - Jun 24 2014]
First reported Jun 23 2014 - Updated Jun 23 2014 - 1 reports

33 West Bengal companies figure in Dun & Bradstreet India’s ‘Top 500 Companies’ report

KOLKATA: Thirty three companies from West Bengal figure in Dun & Bradstreet India's 'Top 500 Companies' report.The companies are Adhunik Metaliks, Allahabad Bank, Balmer Lawrie & Co., , , Birla Cooperation, CESC, Dhunseri Petrochem & Tea, EIH, Electrosteel ... [Published Economic Times - Jun 23 2014]
First reported May 11 2014 - Updated May 11 2014 - 1 reports

Two city firms in cash chase

Calcutta, May 10: Two Calcutta-based asset finance companies — Srei Infrastructure Finance and Magma Fincorp — are looking to raise funds for its business operations and working capital requirements. Srei will raise Rs 150 crore through non-convertible ... [Published Calcutta Telegraph - May 11 2014]

Quotes

"We have clocked Rs 425 crore gross written premium in 2013-14. Business from motor along with other products will help to grow the premium collection this year to Rs 600 crore" said Swaraj Krishnan, MD & CEO, Magma HDI
It is planning a product to cover the risk of paying penalties when infrastructure projects get delayed due to unforeseen situation. "Historically, HDI has expertise in industrial segment and we would like to explore this" Krishnan said
"We have applied to the IRDA for clearance. Hopefully, the products will be introduced by the first half of this fiscal" he said
Commenting on the budget expectations, V Lakshmi Narasimhan, chief financial officer, Magma Fincorp said, "As the NBFC sector has reached a critical stage of its growth and development, we would like the government to take steps to increase infrastructure investment and kick start manufacturing to boost growth which will give a boost to the investment cycle."

More Content

All (29) | News (29) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Magma HDI General Insurance to launch prepaid h... [Published Hindu Business Line - 13 hours ago]
Magma HDI aims Rs 600 crore premium collection ... [Published Business Standard India - 17 hours ago]
Magma HDI plans health insurance biz; to devise... [Published Economic Times - 18 hours ago]
Magma HDI General Insurance bets on health prod... [Published Hindu Business Line - 21 hours ago]
Govt to take initiatives to improve financial s... [Published MyIris - Jul 07 2014]
Expect 10-11% disbursal growth in FY15: Magma F... [Published Moneycontrol.com - Jul 03 2014]
Buy Magma Fincorp; target of Rs 198: IIFL [Published Moneycontrol.com - Jul 01 2014]
Avendus PE head Manoj Thakur quits [Published VC Circle - Jun 30 2014]
Avendus PE head Manoj Thakur quits [Published Business Standard India - Jun 30 2014]
NCDs turns preferred route for IFC in debt fina... [Published Business Standard India - Jun 28 2014]
ChrysCapital looks to raise seventh fund next year [Published Livemint.com - Jun 27 2014]
Non-deposit taking NBFCs rally as RBI relaxes r... [Published Economic Times - Jun 25 2014]
Muthoot, SKS Fin, Manappuram up 4-8% on RBI's N... [Published Moneycontrol.com - Jun 25 2014]
NBFCs Rise After RBI Nod For Banking Correspondent [Published NDTV Profit - Jun 25 2014]
Bajaj Auto, Coal India top gainers; Sensex, Nif... [Published Moneycontrol.com - Jun 25 2014]
Prefer LIC Housing Finance, Magma Fincorp: Pram... [Published Moneycontrol.com - Jun 24 2014]
Bet on financials, auto, mining; sell PSU banks... [Published Moneycontrol.com - Jun 24 2014]
33 West Bengal companies figure in Dun & Bradst... [Published Economic Times - Jun 23 2014]
SCMS Cochin Makes Steady Progress as the Placem... [Published EMoneyDaily - Jun 21 2014]
Suryoday Microfinance raises $4.5M in fresh rou... [Published VC Circle - Jun 16 2014]
Update: IFC, Existing Investors Invest In MFI S... [Published Deal Curry - Jun 16 2014]
Robust tractor demand propels ancillary business [Published Business Standard India - Jun 09 2014]
Banks increase credit flow to real estate, serv... [Published Financial Chronicle - Jun 04 2014]
Work together, live together [Published Times of India - Jun 02 2014]
Two city firms in cash chase [Published Calcutta Telegraph - May 11 2014]
Punch after permit pang [Published Calcutta Telegraph - Apr 04 2014]
Magma Fin net profit takes a hit [Published Calcutta Telegraph - Feb 01 2014]
Magma net up 14% [Published Calcutta Telegraph - Nov 03 2013]
Magma Fincorp focusing on western, southern India [Published Topnews.in - Sep 05 2011]
1
Content Volume
Document Volume
Network
Network
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.