Private equtiy reengages with Indian MFIs
The World Bank’s International Finance Corp. (IFC) is reportedly finalizing an INR1.3 billion ($29.2 million) investment in Indian microfinance institution (MFI) Bandhan. This comes as other PE players also reconsider investments into MFIs following a period of regulatory upheaval that chased much investment out of the sector.
According to The Business Standard, IFC's investment would be one of the largest private equity commitments in India's MFI sector since October of last year. This was when regulators implemented legislation...
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