Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore
Ahead of the fund raising, the microfinance firm is planning to raise Rs 150 crore from promoters
NBFC-MFIs held the largest share of the portfolio in micro-credit with total loan outstanding of Rs 540.18 bn, or 37% of the total micro-credit universe
The pool will be bundled with a mix of small and big MFI portfolios across geographies, will be credit rated and sold to banks
Debt waiver schemes announced by state governments pull down recovery