The Hindu Business Line : Sa-Dhan to develop regional chapters in States
At a time when RBI and GOI is scratching their heads as to the role and regulation of MFIs as NBFCs in the country, there have been newer developments. Only a month back the largest MFI from Andhra Pradesh, SKS Finance (Swayam Krishi Sangham) floated by an US-returned Dr Vikram Akula went public with a huge Rs. 1,600 crore IPO. It may take some time for these developments to settle down as part of our Indian Financial System.
The news that Sa-Dhan would be opening more branches with regional chapters in different States of India is interesting. Let us watch and wait.