Tag Archives: SKS Microfinance

After IPOs, Acquisitions Dominate Microfinance Sector

Amid rumours of IndusInd Bank acquiring Bharat Financial or former SKS Microfinance, which was the first to go IPO route to successfully raise funds, markets are set to turn their attention to the lucrative market segment again. Private Banks have increasingly turned their attention to microfinance institutions as the IPO route has clearly indicated their potential not only as junior ...

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SKS Microfinance Turns Heat on Rivals, Raises Ticket Size to 50K, Interest Rate Down at 19.75%

SKS Microfinance has announced cuts in its interest rates for the fourth time in a year bringing the interest rates on its micro-credit to 19.75%, the lowest in the industry, despite the fact that it was denied the Small Finance Bank status from the RBi. Interest rate of 19.75% is the lowest rate charged by any private sector MFI in ...

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MUDRA Provides Rs.540 Cr to Microfinance Lenders, Interest Rates Come Down

MUDRA, a government initiative to help microfinance small livelihoods across the country, has begun lending funds to microfinance institutions and SKS Microfinance Ltd on Wednesday said it has received a Rs.100 crore. SKS Microfinance, Aarohan and Grameen Koota have already announced cuts in their interest rates passing on benefits to their customers in the sector. Known as MUDRA loan, these ...

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SKS Microfinance Q2 Profit Jumps to Rs.78 Cr

SKS Microfinance has announced the Unaudited Standalone financial results for the second fiscal year quarter ended September 30, 2015 posting a net profit after tax of Rs.77.85 crore as compared to Rs.56.75 crore for the same quarter ended September 30, 2014. Total Income has increased from Rs.201 crore for the quarter ended September 30, 2014 to Rs.324 crore for the ...

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From Microfinance to Astronomy, Rohan Murthy Jumps Mountains

Rohan Murthy, son of Infosys founder NR Narayan Murthy, who is an investor in SKS Microfinance through his investment fund called Catamaran has set his eyes on an entirely different project this time — robotic astronomy project. Pledging $1 Million for the Robo Astronomical project, Rohan and the family have succeeded to bring the California Institute of Technology project to ...

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