India Infoline Finance planning to expand its network

By Marc Castro

Sep 15, 2013 12:30 PM EDT

The NBFC subsidiary of India Infoline Ltd, India Infoline Finance Ltd, had drafted plans to increase its presence in many retail business industries such as home loans, loans on property. loans on securities and gold loans through its wide ranging branch network.

According to India Infoline Group Managing Director R Venkataramanm in an interview with PTI, said, "We are focused on high growth, dispersed risk-retail lending. We seek to further increase our presence in promising segments including home loans, loans against property, loans against securities and gold loans by utilizing the extensive branch network to reach across the country."

He added, "Our key strategy is to steadily grow high quality, diversified retail assets focusing on under-banked segments, keeping cost and risk under control through well-defined processes and leveraging technology."

The company is targeting clients that are not serviced by banks branch network, allowing for an extensive branch network. Portfolio performance and profitability are the main factors which drives the branch network.

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