Question

What is the new name of Magma Fincorp?

A HDB Financial Services Correct Answer Incorrect Answer
B Fullerton India Credit Company Limited Correct Answer Incorrect Answer
C Poonawalla Fincorp Limited Correct Answer Incorrect Answer
D Bajaj Finserv Ltd. Correct Answer Incorrect Answer
E India Infoline Correct Answer Incorrect Answer

Solution

Magma Fincorp Limited, an RBI-registered Non-Banking Finance Company (NBFC), has been rechristened as Poonawalla Fincorp Limited and has initiated rebranding activity, following the acquisition of controlling stake by Adar Poonawalla-led Rising Sun Holdings Private Limited.

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