Bharat Financial Inclusion issues Commercial Paper worth Rs 25 crore

Bharat Financial Inclusion has issued Commercial Papers of an aggregate amount of Rs 25 crore on August 26, 2016, which have been rated ‘A1+’ by a leading rating agency. Instruments with the aforesaid rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. The aggregate amount of Commercial Paper outstanding as on date is Rs 300 crore.

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.