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PEs hand-hold transition of MFIs to small finance banks

Take on bigger role - from strategy to IT systems

Abhijit Lele & Abhineet Kumar  |  Mumbai 

Private equity (PE) investors have put substantial amounts into microfinance institutions (MFIs) and non-banking financial companies (NBFCs) over the years. Now, with many MFIs getting an in-principle nod to become small finance banks (SFBs), some PE investors are expanding their role to guide and ‘hand-hold’ the former in the transition. The Reserve Bank of India (RBI) has said SFBs have to start operations by April 2017. Those who have invested in MFIs come with focus, domain expertise and a  track record for impact investment, say two executives with a ...

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