Bharat Financial Inclusion Limited
Overview
Bharat Financial Inclusion Limited (BFIL), a 100% subsidiary of IndusInd Bank, is a microfinance institution (MFI) focused on providing financial services to low-income households, particularly women, in rural and semi-urban areas of India. BFIL offers a range of microfinance products, including micro-loans for income generation, as well as other financial services such as insurance and savings products. The company aims to empower women and promote financial inclusion by providing access to credit and other financial services that enable them to improve their livelihoods and living standards. BFIL operates through a network of branches and field staff, utilizing a group-lending model to ensure high repayment rates and sustainable operations. The company is committed to responsible lending practices and adheres to the microfinance code of conduct.
About Us
Bharat Financial Inclusion Limited (BFIL), formerly SKS Microfinance Limited, is now a wholly-owned subsidiary of IndusInd Bank. Rebranded as BFIL after the acquisition, the company focuses on providing microfinance services to India's underserved population. BFIL's operations are built on a deep understanding of the financial needs of low-income households. They utilize technology and innovative strategies to deliver efficient and effective financial services, ensuring accessibility and impact. A key aspect of BFIL's approach is its strong emphasis on client education and financial literacy programs. These initiatives empower borrowers to manage credit responsibly and promote sustainable financial practices. BFIL is committed to fostering long-term value creation for its clients by enabling financial inclusion and economic empowerment, and also for its employees through job creation and professional development, and shareholders by ensuring sustainable growth and returns. The company strives to be a responsible and impactful microfinance institution, contributing to the financial well-being of underserved communities and overall economic development. BFIL aims to expand its reach and deepen its impact by continuously improving its services and processes, while upholding the highest standards of ethical conduct and transparency. By focusing on innovation and client-centricity, BFIL seeks to remain a leader in the microfinance sector and a trusted partner for its stakeholders. This commitment underscores BFIL's dedication to sustainable and inclusive growth, making a positive difference in the lives of millions of Indians.
Vision
To be a leading microfinance institution in India, recognized for its commitment to responsible lending practices, client empowerment, and sustainable development.
Mission
To provide accessible and affordable financial services to the underserved population of India, empowering them to improve their livelihoods and achieve financial inclusion.
Culture
BFIL prioritizes customer centricity, ethical conduct, and social responsibility, fostering a culture built on these core values. The company actively promotes teamwork, innovation, and continuous learning to empower its employees. A strong sense of ownership and accountability is encouraged across all levels. BFIL demonstrates its commitment to excellence through comprehensive employee development and training programs, ensuring staff are well-equipped to deliver high-quality service to clients. Furthermore, BFIL champions diversity and inclusion, striving to create a supportive and empowering work environment where every employee can thrive and contribute their best. This commitment extends to fostering a workplace that values individual differences and promotes equal opportunities for growth and advancement. By investing in its employees and upholding its core values, BFIL aims to achieve sustainable success while positively impacting the communities it serves. The focus on continuous improvement ensures BFIL remains a leader in its industry, adapting to evolving customer needs and market demands while maintaining the highest standards of integrity and performance. This holistic approach to business, encompassing both internal culture and external impact, defines BFIL's commitment to responsible and sustainable growth.
Headquarters
Hyderabad, Telangana