Fullerton plans to double loan disbursementsFullerton to double loan disbursements
Apnaloan.com Research Bureau
04 Dec 2007
Fullerton India Credit Company (FICCL), is targeting a loan disbursement of Rs 5,000 crore in 2008, a 100 per cent jump from 2007. The company has a present loan portfolio of Rs 1,000 crore.
As reported by Business Standard, the company currently has a customer acquisition rate of over Rs 20,000 a month and which is likely to get scaled up to over one million customers a year by the end of the next year.
The company has a committed capital of $300 million from its parent company, of which $200 million has already been pumped and $100 million will be infused next year, said Sundararajan, managing director and CEO, FICCL.
Fullerton India has 500 branches across 215 locations.