SKS Microfinance raises 100 crore long term debt from SIDBI

SKS Microfinance

SKS Microfinance has has received a Rs 100 debt from Small Industries Development Bank of India (Sidbi), according to press release issued by the company.The borrowing for a period of eight years marks the first-ever long-term borrowing programme by the microfinance institution.

This borrowing by SKS Microfinance will qualify as a tier-II capital for computation of capital adequacy ratio as per RBI norms. The long-term instrument is unsecured and will be repaid at the end of eight years.

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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