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Bharat Financial Inclusion undertakes its first Direct Assignment Transaction for FY18

Capital Market 

For aggregate receivable of Rs 539.67 crore

Financial Inclusion (formerly known as 'SKS Microfinance') on 16 June 2017 assigned a pool of receivables of an aggregate value of Rs. 539.67 crore to one of the largest public sector banks on a direct assignment basis as per the guidelines prescribed by the Reserve Bank of India. This is the first Direct Assignment during FY18.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 20:07 IST