SE Investments Gets Credit Facility Of Rs 75 cr From PNB (29-Jul-2010)
Leading financial services company, S.E. Investments has been sanctioned a credit facility of Rs 75 crore. The Management Committee of Punjab National Bank (PNB) has enhanced Fund Based Limit from Rs 30 crore to Rs 45 crore and sanctioned Term Loan of Rs 60 crore to the company. The increase will enable the company to cater to more customers thereby helping it widen its clientele-base.
The company has reported a net profit after tax of Rs 17.06 crore for the quarter ended June 30, 2010 as compared to Rs 5.21 crore for the quarter ended June 30, 2009, up 227.45%.
SE Investments is engaged in the business of hire-purchase and leasing of motor vehicles and it also provides personal loans, business loans, loans against property, etc. to individuals and corporate bodies.
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