Don’t miss the latest developments in business and finance.

Bharat Financial Inclusion completes 2nd direct assignment transaction

Image
Capital Market
Last Updated : Sep 09 2017 | 12:02 AM IST

For FY 2018

Bharat Financial Inclusion (formerly known as 'SKS Microfinance') on 07 September 2017 assigned a pool of receivables of an aggregative value of Rs. 518.85 crore to one of the largest public sector banks on direct assignment basis as per the guidelines of the Reserve Bank of India. This is the second direct assignment transaction in FY18.

With this transaction, the Company has completed direct assignment transactions worth Rs. 1,058.52 crore in FY 18.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Sep 08 2017 | 9:32 AM IST

Next Story