
The International Finance Corporation (IFC), a member of the World Bank Group, said on Wednesday that it has anchored an investment round of $222 million into Cholamandalam Investment and Finance Company Ltd (CIFCL). The money will help the Murugappa Group's NBFC expand access to finance for micro and small borrowers, especially in the rural and semi-urban parts of India.
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First Published: Wed, May 29 2019. 17:14 IST
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