Thursday 9 March 2017

ESAF Microfinance issues ₹330 cr worth commercial paper

ESAF Microfinance issues ₹330 cr worth commercial paper

KOCHI, MARCH 7:   ESAF Microfinance(सूक्ष्म वित्त) , the only company from Kerala to receive small finance bank licence, has issued commercial paper (CP) worth ₹330 crore. Rated A1 by CARE ratings, the subscribers to the CP are major private sector banks and NBFCs. K Paul Thomas, Chairman and Managing Director, ESAF Microfinance, said that the proceeds (प्राप्ति) would be used to boost the short-term funding needs of the organisation. He added that this is another example (उदाहरण) of the thought leadership role played by ESAF. ESAF Small Finance Bank will be opened on March 17. The biggest advantage (फायदा) of becoming a bank, according to Thomas, is that ESAF can offer value-based banking with a difference. The bank will provide loans for farming, small businesses, housing and education. It will also have a spectrum of deposit (जमा करें) options for all customers, including NRIs. The company hopes to start operations with a network of around 85 branches and over 300 customer touch points in the first year of operations. Currently, ESAF Microfinance has a network of around 285 branches spread across 11 States.

Definitions of example उदाहरण

a thing characteristic of its kind or illustrating a general rule.
it's a good example of how European action can produce results
synonyms: specimen, sample, exemplar, exemplification, instance, case, illustration, case in point
a person or thing regarded in terms of their fitness to be imitated or the likelihood of their being imitated.
it is vitally important that parents should set an example
synonyms: precedent, lead, model, pattern, exemplar, ideal, standard, template, paradigm, role model, object lesson
be illustrated or exemplified.
the extent of Allied naval support is exampled by the navigational specialists provided

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