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SKS shares plunge as Q4 losses mount
SKS Microfinance has reported a net loss of Rs 70 crore in the fourth quarter as of March 31 owing to cancellation of operations in many parts of Andhra Pradesh.…
SKS Microfinance to exit AP, if Act not repealed: Vikram Akula
SKS Microfinance chief Vikram Akula has threatened to exit from Andhra Pradesh unless the draconian law restraining loan recoveries is revoked. Hyderabad-based SKS may loose a quarter of its business…
SKS Microfinance reports 38.4% decline in Q3 net profit, stocks down
India’s largest microcredit lender SKS Microfinance Limited reported on Tuesday a steep fall of 38.4 percent in its net profit to Rs34.14 crore in the third quarter ending Dec. 31,…
SKS Microfinance makes token cut in interest rates
With the turmoil in Andhra Pradesh microfinance sector affecting all the players, SKS Microfinance Ltd., the leader has come out with the first voluntary cut in the rate of interest…
Vikram Akula appointed executive chairman of SKS Microfinance
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…
Catamaran invested Rs 28 Cr in SKS Microfinance in January: report
Microfinance Monitor, March 26, 2010: Catamaran Fund, promoted by Infosys icon N R Narayana Murthy, invested Rs. 28.12 crore in January this year in Hyderbad-based SKS Microfinance, reports VCCircle quoting…
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