Indel Money Branches in Kerala

6 Feb 2013
Kochi

Indel Money a Non Banking Finance Company is planning to set up in Kerala. Mumbai-based Indel Money said on Tuesday that it plans to open 100 branches this year with focus on the untapped rural areas of the state.

The company, founded by Kerala-born G Mohanan, a former banker based in the Middle East, will open nine branches across Thrissur and Palakkad districts on February 9. These branches are located at Varadiyam, Thrikkur, Ponnukkara, Kuttoor and Kondazhi in Thrissur district and Thenkurissi, Vadavannur, Karapotta, and Nhangattiri in Palakkad district.

The NBFC, which currently has Rs 100 crore business, also plans to expand into the west and northeast parts of the country.

Source-http://timesofindia.indiatimes.com/city/kochi/Indel-Money-announces-its-Kerala-entry/articleshow/18360914.cms

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