SKS Microfinance Limited on Thursday said that, it has decided to modify its corporate name to the “Bharat Financial Inclusion Limited” subject to regulatory ans corporate agreements.

As per the statement of SKS,"Bharat Financial Inclusion Limited reflects the new brand and its delivery capabilities as 'Bharat', the Sanskrit name of India, emphasises the Company's unique distinction of having a formidable, predominantly rural network across the country, and 'Financial Inclusion' is the delivery of financial services at an affordable cost to economically weaker sections of the society, which is the core business of the Company,"

Statement also added, “The name change decision has been taken in view of the fact that the Company's core has undergone a transformation, equipping it to play a major complimentary role in fulfilling the national priority of financial inclusion”

SKS Microfinance Limited is amid the largest microfinance companies in India with occurrence crossways 18 states covering 1,00,000 villages, catering to its 63.65 lakh woman members.