Northern Arc to acquire business of S.M.I.L.E. Microfinance to grow retail lending

The transaction will involve the takeover of the microfinance portfolio of S.M.I.L.E., along with its extensive network of nearly 150 branches catering to over two hundred thousand customers. Around 850 employees of S.M.I.L.E. will move to the rolls of the Northern Arc group.

from Banking/Finance-Industry-Economic Times https://ift.tt/BwSrl7u