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Other 341 views Jul 09, 2018
Bharat Financial looks to reduce cost with kirana store project

Microfinance company Bharat Financial Inclusion aims to bring down cost to income ratio to 30% from 50% in FY17 ith implementation of its digital kirana project. The MFI is planning to convert 2 lakh kirana stores in semi urban and rural belts as cash transaction points by using smart phones.

"We will strive for a cost to income ratio of around 30% with the implementation of the Kirana Points project," Managing Director MR Rao said.