MoneyWorks4Me

Bharat Financial Inclusion informs about company updates

12 Jan 2017 Evaluate

Bharat Financial Inclusion has informed that the Company on January 11, 2017 assigned a pool of receivables of an aggregate value of Rs 271.73 crore to one of the largest public sector banks on direct assignment basis as per the guidelines prescribed by the Reserve Bank of India. This may be one of the largest assignment transactions in the microfinance industry post demonetization.

The above information is a part of company’s filings submitted to BSE.

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