 "Sivasubramanian Ramann Chairman & MD, Sidbi")
Small Industries Development Bank of India (Sidbi) has now gone back to its earlier avatar when it comes to microfinance institutions (MFIs). According to Sivasubramanian Ramann, chairman and managing director, the bank has started identifying finance companies to give them enhanced support for micro lending.
Speaking at Business Standard’s BFSI Summit, Ramann added that the state-owned small industries lender is once again looking at how to bring capital to microfinance institutions.
Also, the fund of funds activity of Sidbi has provided capital to many venture capital and private equity firms.
