COUNTRY FACTS

 

Location: Hyderabad, India
 
Region: South Asia
 
Neighboring Countries: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar
 
Population: 1.12 billion
 
GDP Per Capita (PPP): $4,182 (2007 est.)
 
Politics: Liberal Democracy
 
Economy:

  • GDP Growth: 9.4% (2006-07); the Indian economy is among the fastest growing in the world
  • Composition of GDP: Agricultural (28%), Services (54%) and Industrial Sectors (18%)
    • Main Agricultural Products: Rice, wheat, oilseed, cotton, jute, tea, sugarcane, and potatoes
    • Main Industries: Automobiles, cement, chemicals, consumer electronics, food processing, machinery, mining, petroleum, pharmaceuticals, steel, transportation equipment, and textiles
  • Significant Trading Partners: United States, the EU, China, and the United Arab Emirates 

 

Source: Wikipedia
To learn more about India, please click here

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Client Banks / Bhartiya Samruddhi Finance Ltd

Bhartiya Samruddhi Finance Ltd

Website: http://www.basixindia.com/samruddhi.asp

Bank Description:

 

Started in 1997, Bhartiya Samruddhi Finance Ltd. (Samruddhi or BSFL) is a regulated non-banking finance company (NBFC) registered with the Reserve Bank of India, through which credit and technical assistance is delivered to almost 200,000 clients. It is the flagship of the BASIX Group, an Indian-based microfinance institution and one of the industry leaders in institutional development and mainstream financial sector linkages.

 

Through its “Livelihood Triad” Strategy, BSFL provides microfinance, institutional development, and agricultural and business development services. In its microfinance operations, BSFL works in rural areas, offering individual and group-based microcredit and insurance products. It also makes general purpose loans to self-help groups, which deliver credit and other services to poor women.

 

Samruddhi’s presence extends to over 5,000 villages in 28 districts spread over seven states: Andhra Pradesh, Karnataka, Orissa, Maharashtra, Madhya Pradesh, Jharkhand and Rajasthan.  

 

Capacity Building

Main ShoreCap Exchange Capacity Building Support Areas:

  • Risk management
  • Internal audit
  • HR support
  • Leadership training

Key Accomplishments in Partnership with Exchange:

  • Improvements in efficiency of operations and portfolio at risk (resulting in a significant  increase in loans outstanding and profitability)
  • Expansion into new areas and product lines
  • Creation of integrated Information Technology (IT) platform

 

Exchange KEN Participation
Risk Mitigation Strategies for Fast Growing Banks Forum, Johannesburg, South Africa, June 2007 HR Managers Phone Forums.
Effective Leadership & Good Governance Forum, Washington D.C., September 2006 Lender’s Corner Phone Forums
Risk Management Forum, Chicago, IL, December 2004
HR Managers Phone Forums
Lender’s Corner Phone Forums
CEO Phone Forum

 

Financial Performance Table

Financial Performance

2005/2006

2006/2007

Net Loans Outstanding (in mil)

$22.4

$32.5

Total Deposits (in mil)

$0.0

$0.0

Return on Average Assets

1.9%

2.1%

No. of Borrowers

143,332

198,282

No. of Depositors

N/A

N/A

No. of Branches

36

45

No. of Employees

750

1,271

No. Development Loans

 

 

- Year to Date

143,332

161,982

- Cumulative

249,766

411,748

Fx Rate (Rps/$):

45.0

43.0

  
N/A - Not Applicable
NA - Not Available


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