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Founder of Hyderabad-based SKS Microfinance has been appointed as executive chairman of the company, said a company filing. The posting will be effective from November 1 this year. The company’s board meeting held on Tuesday has passed resolutions to the effect, said a company filing with the National Stock Exchange. Akula who was the founder of SKS [...] Microfinance Monitor, Sept 7, 2010: The first microfinance organization in Vietnam was opened by Vietnam Women’s Union in Hanoi on August 25, said reports. It was the first Vietnam’s microfinance body licensed by the State Bank of Vietnam. The limited liability company TYM will mobilize savings among the community, as well as capital sources from domestic [...] Microfinance Monitor, August 30, 2010: Nobel Peace Prize laureate and microfinance pioneer Muhammad Yunus will be presented the 2010 SolarWorld Einstein Award on September 6 in Spain. The Bangladeshi professor of economics, founder of the Grameen Bank and Nobel laureate will receive the award in recognition of his breakthrough concept of micro-loans for the poor, [...] Microfinance Monitor, August 10, 2010: The benefits of loans provided to the poor in emerging countries can be far-reaching, says the latest Sector Focus commentary by financial-services analysts at Turner Investment Partners. Turner, an investment firm based in Berwyn, Pennsylvania, said in its monthly Sector Focus commentary as part of the continuing efforts of its five [...] The SKS Microfinance’s IPO, which was oversubscribed 13.69 times was fixed at at the highest band price of Rs 985, said the company. SKS, India’s largest microfinance company, has now given the industry the required confidence to go public and reports say even Spandana Sphoorty Financial, the country’s second largest microfinance institution (MFI), will soon hit [...] |
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