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Bharat Financial posts Rs 235 crore loss for Q4, weighs merger

The microlender had made a net profit of Rs 84.47 cr during the corresponding quarter

Press Trust of India  |  New Delhi 

Microlender Bharat Financial Inclusion today reported a net loss of Rs 234.92 crore for the quarter ended March 31, 2017, mainly due to write-offs of Rs 334.56 crore. Bharat Financial, formerly SKS Microfinance, had made a net profit of Rs 84.47 crore during the corresponding January-March quarter of 2015-16. At the board meeting held today, the company said it was authorised to "appoint consultants, advisers as well as bankers to map and evaluate strategic options including induction of strategic investors, strategic alliance, merger with or acquisition of a ...

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First Published: Mon, May 01 2017. 18:05 IST
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