Hyderabad-based Vaya Finserv is set to launch microfinance operations, also marking the comeback of Vikram Akula into the sector he’d substantially influenced not long before. Debuting as a banking correspondent (BC) in 2015, Vaya is opening its first set of 15 microfinance branches this week in Bihar, a state where it sees a big need for such loans.
Akula is co-founder and chairman of Vaya. The entity currently operates 50 BC branches in five states and managed Rs 436 crore of a combined micro loan portfolio for YES Bank, RBL Bank and Reliance Capital. It recently got a ...
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