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About Magma Fincorp

Magma Fincorp Limited (MFL) is a Kolkata based non-banking financial company registered with the Reserve Bank of India as an Asset Finance Company. The company operates 235+ branches across 21 states and a union territory and has a strong presence in rural and semi-rural India. Magma Fincorp Limited (formally known as Magma Leasing Limited) was incorporated in 1988 and commenced operation in 1989.

Highlights

Won a Gold Award at LACP (League of American Communications Professionals), 2015

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18-09-2018, 13:04
State Bank of India current account minimum balance Rs 10000 for urban, Rs 5000 for non rural and Rs 2500 for rural branch
Sate Bank of India offers current bank account for users like firms, companies, public enterprises, etc. According to SBI, current bank account is a form of demand deposit where wi ...
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06-09-2018, 19:27
Bank of Baroda raises MCLR by 5 bps Effective from 07-09-2018
Bank of baroda one-year MCLR now stands at 8.55%. MCLRs for other tenures range between 8.05% and 8.4%. The revised rates come into effect on 07-09-2018.
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06-09-2018, 18:57
For State Bank of India YONO bank account, Zero balance feature may continue for digital accounts
State Bank of India chairman has clarified that the zero balance feature for digital accounts opened through the YONO app will be valid up to March 2019.
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06-09-2018, 18:54
State Bank of India increases MCLR by 20 bps across all tenors up to three years
SBI Marginal Cost of Funds Based Lending Rate for a 1 year tenor increased to 8.45% from 8.25% earlier. Most of the retail loans are bench marked against 1 MCLR. The MCLR for a 3 y ...
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20-08-2018, 15:37
NEFT charges for money transfer in SBI, HDFC bank, ICICI bank, Axis bank, PNB bank up to Rs 10,000 - Rs 2.5 and Above 2 Lakh Rs 25
National Electronic Funds Transfer (NEFT) charges for money transfer in SBI, PNB, Axis, HDFC bank, ICICI bank are Up to 10,000 is Rs 2.5/-, From 10,000 to 1 Lakh is Rs 5/-, From 1 ...
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10-08-2018, 18:50
HDFC Hikes Interest Rates on Home Loans By 20 Basis Points
Mortgage lender HDFC on Thursday increased interest rates on Home Loans by 20 bps. As per the new rates, women borrowers can avail a home loan of up to Rs 30 lakh at 8.7% while oth ...
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