Saturday , October 23 2021

Bharat Financial Inclusion completes second direct assignment transaction of Rs 1,546 crore

Bharat Financial Inclusion has assigned a pool of receivables of an aggregate value of Rs 1,545.93 crore to one of the largest private sector banks on a direct assignment basis as per the guidelines prescribed by the Reserve Bank of India. This is the second Direct Assignment transaction in FY20.

With this transaction, the company has completed Direct Assignment transactions worth Rs 2,653.33 crore in FY20.

Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.

Please share this news
<div id="taboola-below-article-thumbnails"></div>
<script type="text/javascript">
  window._taboola = window._taboola || [];
    mode: 'thumbnails-a',
    container: 'taboola-below-article-thumbnails',
    placement: 'Below Article Thumbnails',
    target_type: 'mix'