Kochi, Feb. 6:
Targeting rural centres, the Mumbai-based Indel Money has announced its decision to start operations in Kerala. The NBFC promoted by Indel Corporation has opened nine branches in Thrissur and Palakkad to focus its activities on gold loans, vehicle loans, SME loans and instant money transfers as per the RBI guidelines. G. Mohanan, chairman and managing director of Indel Money, said the company has plans to open at least 100 branches throughout the State in the current year. The company will also spread its wings to Gujarat within the next six months, he said.
(This article was published on February 5, 2013)
Keywords: Indel Money, branch expansion, gold loans, vehicle loans, SME loans, instant money transfers
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