Breaking News

You are here » Indian-Commodity  :  Top News  :  Arman Financial Services opens four new pilot branches in Rajasthan in Q3

11-Feb2019

Arman Financial Services opens four new pilot branches in Rajasthan in Q3

Arman Financial Services has forayed into a new state of Rajasthan, by opening 4 pilot branches in Chittorgarh and Pratapgarh districts during Q3 FY2018-19. The total operational branches as on December 31, 2018 are 165 compared to 119 the same quarter the previous year.

As a matter of prudence, the company scaled down branch expansion in Q3 FY19 by putting a temporary hold in opening 7 additional branches due to liquidity crunch in the market. These branches will be opened in Q4 FY19 assuming stable fund availability.

Arman Financial Services, a leading Gujarat based nonbanking financial company (NBFC), with interests in microfinance, two wheelers and MSME loans.


Related News

View all news

Crude oil futures end lower on Monday

Crude oil futures ended lower on Monday as steep declines in the US stock market fed an aversion to so-called riskier assets, which include oil. Meanwhile, the US-China trade dispute escalated as China......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......