Bharat Financial Inclusion (SKS) said that it has assigned pending receivables of Rs.192.58 crore to a leading public sector bank, on a direct assignment basis. The direct assignment, done through RBI guidelines, is the third such transaction done by Bharat Financial during FY17.
The aggregate value of the three direct assignment transactions by Bharat Financial is Rs.778.09 crore, likely among the highest in the microfinance industry for FY17.