Ahead of the fund raising, the microfinance firm is planning to raise Rs 150 crore from promoters
NBFC-MFIs held the largest share of the portfolio in micro-credit with total loan outstanding of Rs 540.18 bn, or 37% of the total micro-credit universe
The pool will be bundled with a mix of small and big MFI portfolios across geographies, will be credit rated and sold to banks
Debt waiver schemes announced by state governments pull down recovery