Aditya Birla Finance jumps onto Microfinance bandwagon

1 min read
Aditya Birla Finance jumps onto Microfinance bandwagon

Market sources revealed that the company has just closed a financing deal with a large Hyderabad headquartered microfinance institution that has a borrower base of more than 100,000 customers.

Aditya Birla Finance jumps onto Microfinance bandwagon

Aditya Birla Finance is one of India’s leading non-banking financial companies (NBFC). Started in 1991, the company is considered to be one of the largest players in security-based lending and is a dominant player in IPO Financing.

Speaking on his company’s entry in the Indian Microfinance sector to the media, Sudhakar Ramasubramanian who is the Chief Executive Officer (CEO) of Aditya Birla Finance said that the microfinance sector in India is one of the fastest-growing segments in the financial services category and Aditya Birla Finance is looking forward to building a large and healthy portfolio over the next few years.

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