Home Site Map Make Your Home Page Suggestions Enquiry Advertise With Us
Wednesday, February 10, 2010  
 
 
Press Releases
Features
Events
Special Articles
News Home
   
  News Updated on Wednesday, February 10, 2010 1:18:45 AM
» India » Asia » World » Sports » Business » Sci-Tec » Health » Entertainment » Have your say » Picture Gallery
Top Stories
  India
  Asia
  World
  Sports
  Business
  Sci-Tec
  Health
  Entertainment
 
 India

SKS, ICICI complete securitisation deal
Hyderabad | Thursday, Feb 19 2009 IST
 

SKS Microfinance, India's largest and world's fastest growing microfinance, and ICICI Bank, India's second largest bank, have completed a unique securitisation deal worth Rs 200 crore, allowing the bank to purchase loans extended to weaker sections.

In a statement here today, SKS Microfinance CFO S Dilli Raj said the programme would deliver income-generating loans of averaging Rs 9,500 to over 2,00,000 unbanked families belonging to SC, ST and minorities identified by the RBI as 'weaker section.' The partnership combines SKS's robust customer acquisition and management model with ICICI's extensive experience in financial structuring for microfinance institutions, networks and investors in emerging markets to fulfil a shared objective of greater financial inclusion and poverty alleviation through commercially viable and sustainable lending programmes, he added.

SKS Microfinance currently has a member base of 3.6 million and 1,373 branches across 18 Indian states. The company has disbursed loans worth Rs 5,788 crore.

-- (UNI) -- 19MC5.xml

  Viewer's Comment
Comments Not Available
 
 More Stories

Films from northeast take centrestage at Mumbai International Film Festival 

Shiv Sainiks vandalize cinema hall in Mumbai over Shah Rukh Khan\'s movie 

BJP elects Nitin Gadkari as its new chief 

India, Turkey discuss bilateral, regional and global issues 

Recuperating Vayalar Ravi to reach Chennai by a special aircraft 

Army chief releases joint operational doctrines 

Chidambaram asks Maoists to "abjure violence" 

India and Turkey jointly denounce terrorism 


Print this Page
Printer Friendly Version
E-Mail this page to a Friend
Send This page to A Friend

Search Archives :  



Quick Links - Webindia123.com
Services
Hobbies
Entertainment
Classifieds
Career / Education
UK, USA, Canada
Utilities
E-Booking
India Reference
 
 
 
 
 
 
 
 
 
IndianStates
 
 
 
 
  
 
 
 
 
Pradesh

Copyright 2000-2010 Suni Systems (P) Ltd.
All rights reserved