ASA International India is a division of Dhaka-headquartered ASA, which operates in over 12 countries and plans to disburse $2.5 billion in loans among 6.6 million clients in 2015-16. “We have taken a 10 per cent equity stake in the microfinance company called ASA that has footprint predominantly in the northeast,” Rajiv Lall, managing director of IDFC Bank, told ET. “ASA will give us access to their customers and that allows us to expand our lending operations. It also gives u .. Read more at: http://economictimes.indiatimes.com/articleshow/50539794.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesIDFC Bank buys 10 per cent stake in ASA International India for Rs 8.5 crore
Industry: Banking 2016-01-12