SBI's business partner Save Solutions in talks with private equity firms to sell 12-15% of the company

With a sharp rise in loan demand in the hinterland, Save plans to use the funds to expand its own lending operation to micro, small and medium enterprises (MSME)and to micro loan borrowers. The company is looking to raise more than Rs 300 crore - to fund its lending business, managing director Ajeet Kumar Singh told ET. “A new investor will come on board,” he said.

from Banking/Finance-Industry-Economic Times https://ift.tt/WOtrEl0