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Bharat Financial Inclusion (formerly SKS Microfinance) on Friday assigned a pool of receivables of an aggregate value of ₹539.67 crore to one of the largest public sector banks on direct assignment basis in accordance with the guidelines prescribed by the Reserve Bank of India.
This is the first Direct Assignment Transaction during FY18. However, the microfinance NBFC has not disclosed the name of the PSU bank. The stock will remain in focus, as shareholders will monitor the development.
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