Micro Shift
Why new generation private banks are expanding into microfinance by acquiring existing well run microfinance companies.
by Anand Adhikari
Sep 16, 2017
2 minutes
In July last year, IDFC Bank acquired South India based Grama Vidiyal Microfinance. Many expressed surprise at the decision as the bigger challenge for IDFC, primarily a lender to companies, is creating a retail platform. More clarity emerged after two months when Kotak Mahindra Bank got South based BBS
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