IndusInd, Grameen Capital, Bandhan complete Rs 75-cr transaction

MUMBAI: IndusInd Bank said that it has completed a Rs 75-crore transaction in association with Grameen Capital India and microfinance institution Bandhan. The three entities have completed a Rs 75 crore portfolio assignment of microfinance receivables, a press release issued here stated.

indus ind bank

The transaction was structured and arranged by Grameen Capital India and comprised a pool of advances to the agricultural and allied sectors made by Bandhan-Konnagar and Bandhan Financial Services Private Ltd, the release said. Read more PTI

Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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