Rabo India provides INR 250 mn Term loan to NBFC-microfinance BSFL
Microfinance Focus, March 29, 2010: Rabo India Finance Limited is a 100% subsidiary of Rabobank International has provided INR 250 Million to Bhartiya Samruddhi Finance Limited (BSFL) as a term loan.  BSFL, the flagship company of the BASIX group is registered with the Reserve Bank of India (RBI) as a Non Banking Finance Company (NBFC) offers microfinance and livelihoods promotion services. According to Mr.Arindom Datta, Director  & Head, Rural & Development Banking at Rabo India, “We are in the process of building up the microfinance portfolio”.  In the month of January 2010, Rabo India has provided debt funds of INR 350 Million to Asmitha Microfin Limited (AML), one of the leading microfinance institutions in India.

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