ICICI Bank, Magma Fincorp enter into Co-origination arrangement
18th Sep 2019

Magma Fincorp has entered into Co-origination arrangement with ICICI Bank for Asset backed finance business i.e., loans for Car, Commercial Vehicles and Construction Equipment, both new and used.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.