Microfinance companies are planning to set up a credit bureau to facilitate smooth disbursal of loan to the needy sections of the society. Hyderabad-based SKS Microfinance, the largest player in the segment in terms of assets, is playing a key role in this regard.
“There is no credit bureau that supports microfinance lenders. So we are in the process of getting one. We are talking to the Credit Information Bureau (India) and a couple of other people. Hopefully by this month end, an announcement will be made,” Suresh Gurumani, chief executive officer of SKS Microfinance, told Financial Chronicle.
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