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IFC bets big on microfinance sector; to invest Rs 435 crore

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Multilateral funding agency International Finance Corp (IFC) is betting big on the microfinance sector, the only arm of the financial services industry that continues to show robust growth.

The World Bank affiliate IFC is set to invest Rs 300 crore in TPG Capital and Citigroup backed-Janalakshmi Financial Services and another Rs 135 crore in CreditAccess Asia promoted Grameen Koota Financial Services.

For more on this story visit the following: IFC bets big on microfinance sector; to invest Rs 435 crore

Source: DNAIndia

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