Bharat Financial Inclusion has registered a 38% year-on-year growth in its Gross Loan Portfolio to Rs 17,394 crore in Q4FY19 as compared to Rs 12,575 crore in Q4FY18. The Company’s loan disbursements have shown a 14% year-on-year growth to Rs 6,568 crore in Q4FY19 as against Rs 5,738 crore in Q4FY18.
Bharat Financial Inclusion (formerly known as SKS Microfinance) is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty.
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