Sector scan: Why microfinance firms are bracing for growth slowdown

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In March, India’s microfinance sector recorded its biggest private equity transaction. That month, US-based Advent International and India’s Multiples PE invested Rs 1,930 crore ($230 million) in Svatantra Microfin. A couple of months later, the sector recorded another large deal when Piramal Alternatives invested Rs 600 crore in Annapurna Finance.  These ......