Bharatiya
Samruddhi Finance Ltd
7 December 1999
Crisil has
assigned an "FB+" rating to the fixed
deposit programme of Bharatiya Samruddhi Finance Ltd.
The rating takes into account the company’s strong
systems, its resources position and management quality.
The rating also factors in the inherent risk of lending
to the economically disadvantaged classes of society and
relatively high cost of operations.
Bharatiya Samruddhi
Finance Ltd. is a rural micro-finance institution, engaged
in micro-credit in 420 villages spread over five districts
in the states of Andhra Pradesh and Karnataka. In its
three years of operations, the company has disbursed over
16,000 loans valued at over Rs. 12.9 crore. In the year
ended 31 March 1999, the company registered a profit after
tax of Rs. 7.5 lakh on funds deployed of Rs. 7.24 crore.
List of reports
on Bhartiya Samruddhi Finance Ltd
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