KKR India's financial services business aims to get into SME lending

KKR India’s financial services business aims to diversify into lending to small and medium enterprises (SMEs). With the implosion of IL&FS and tightening of credit by both banks and non-bank financing entities, there’s urgent need for capital, says Sanjay Nayar, chief executive of KKR India.
 
He said the financial services arm of KIFS (KKR India Financial Services) was a holding company, with around Rs 5,000 crore in capital; with two non-bank financial companies (NBFCs), one financing real estate developers and the other for corporates. SME lending is a space that is populated with plenty of competition and seeing a