The Reserve Bank of India (RBI) has restricted foreign investors from buying more shares in Bharat Financial Inclusion after the allowed investment limit reached the ceiling. The foreign shareholding in the company through foreign institutional investors (FIIs)/foreign portfolio investors (FPIs) has reached trigger limit in the company.
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.
