Global Capital Markets has informed that the Company has received approval from Sangli District Cooperative Bank for tie-up for MICROFINANCE BUSINESS. The company will be partnering with said Bank to expand business base in Sangli (Maharashtra) and adjoining areas for microfinance subject to internal approvals as well as NABARD guidelines. The Bank would be sharing with the company the database of people who are in requirement for microfinance. The terms of said business would be mutually decided on case to case basis.
The above information is a part of company’s filings submitted to BSE.
