December 19, 2017 : Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.
The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.
The bank’s mission was to invest from ‘halo to hydro' the bank had priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.