Credit information company Equifax India signed an agreement with International Financial Corporation (IFC) to deepen coverage of self-help group (SHG) member data in credit bureaus.

The agreement will promote financial inclusion and access to funds for women from lower income groups by facilitating integration of SHG borrower data with credit bureaus.

“The initiative will increase the number of borrower profiles in the credit bureaus and thereby help them benefit while applying for new credit facilities,” Equifax’s head ( product management) Sundar Arumugam, said in a statement here today.

Small size private lender RBL Bank today said it has raised Rs 1,680 crore through a preferential issue of shares to investors including private equity funds and insurance companies.

Source: Business Standard